“The age of analytics and algorithms is upon us. A new and important role is emerging f
or information professionals. They will help lawyers ask new questions and gain new insights using analytics. ”
Read my analysis of this trend in the November/December 2017 issue of AALL Spectrum. Click here to read Analytics and Insights:
Wolters Kluwer Legal & Regulatory U.S. continues to release new products and features with astonishing regularity.
On July 24th, they released M&A Clause Analytics, a new workflow tool which combines machine learning and human expert curation to streamline the M&A drafting process. The product is designed to help lawyers quickly locate the best model documents and clauses. Wolters Kluwer Partnered with Kingsly Martin of KM Standards to develop a statistical analysis of 17000 documents from WK’s RB Source database of SEC Filings. According to the press release the product is designed in response to a legal market focused on enhancing “quality, efficiency, and ease of preparing merger and acquisition agreements.” M&A Analytics which covers 13 document types. will be a central component of the Transactional Law Suite for Securities.Continue Reading Wolters Kluwer Partners with KM Standards and Launches AI Workflow Tool: M&A Clause Analytics
As market power shifts from law firms to in-house counsel, Bloomberg Law has responded by bulking up the Corporate Practice 
Center with resources designed to address the special needs of Chief Legal Officers, Chief Compliance Officers and Chief Operating Officers. Earlier this year Bloomberg Law relaunched the Corporate Practice Center with materials developed with extensive input from corporate counsel at major U.S. Companies. The Corporate Practice at Center includes practice pages covering: compliance, legal operations, corporate governance, alternative business structures, litigation and corporate news. In addition an “In Focus, “hot topics” section offers deep coverage of special topics such as proxy regulation and FCPA.
Bloomberg and the Association for Corporate Counsel (ACC) also announced that they had entered a strategic collaboration for Bloomberg Law to offer sponsored content, practice tools and editorial expertise to ACC members through professional enrichment, educational and development programs.Continue Reading Bloomberg Law Relaunches Corporate Practice Center with In-House Counsel Focus: Compliance, Toolkits and Analytics
Entering the “no hyperbole” zone. No Robots in Sight
I spent almost an hour last Friday talking to Jeff Pfeifer, Vice President of Product Management at Lexis Nexis about the upcoming release of a new artificial intelligence enabled Lexis Advance feature called Lexis Answers. Instead of the “robot lawyer” hyperbole that has characterized many recent AI product announcements, Pfeiffer while enthusiastic for Lexis Answers, is refreshingly restrained in discussing the product. Most importantly he does not oversimplify the true complexity of legal research when applying AI to a specific set of facts. Pfiefer describes Lexis Answers as getting lawyers to a “well informed starting point,” speeding up basic research so lawyers can start more complex research. He sees Lexis Answers the “next evolutionary step in a journey with big data sets which is moving towards human like interactions with machines using standard Dialog.”
Press releaseLexis® Answers, a new artificial intelligence (A.I.) enhancement within its flagship Lexis Advance® offering. Using powerful machine learning, cognitive computing and advanced natural language processing technologies, Lexis Answers transforms legal research by understanding the user’s natural language question and delivering the clearest, most concise and authoritative answer, in addition to finely tuned, comprehensive search results.Learning is based on a universe of 14 million case law opinions.Continue Reading Lexis Answers: Artificial Intelligence Without the Hyperbole; No Robot Lawyers In Sight–A Fastrack to Legal Answers
Wolters Kluwer must be offering free double espresso shots every morning to their product developers and editors. Do they even sleep these days? Less than a month ago I wrote a post on the release of their Cybersecurity & Privacy platform … the relaunch of their International Arbitration platform and their alliance with IP analytics provider ktMine. Today they are announcing the release of “Corporate SmartTasks” which follows on their May 18th launch of a free Federal Regulatory Knowledge Center beta site.
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| The Wolters Kluwer SmartTask Corporate Suite |
It does seem as if there was an unusual number of “iconic achievers”
