HOME

TheInfoList



OR:

Bloomberg Law is a subscription-based service that uses data analytics and artificial intelligence for online legal research. The service, which
Bloomberg L.P. Bloomberg L.P. is an American privately-held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Ze ...
introduced in 2009, provides legal content, proprietary company information and news information to attorneys, law students, and other legal professionals. More specifically, this commercial legal and business technology platform integrates Bloomberg Law News with Bloomberg Industry Group's primary and secondary legal content and business development tools.New Bloomberg Law App Provides Seamless Access To Personalized Content
, ''PR Newswire'' (Feb 21, 2014).
Bloomberg Law Launches Business Development Center
", ''Reuters'' (November 29, 2012).
Mary Ann Neary and George D. Wilson,
Bloomberg Law, the newcomer in legal research, meets academic users
", ''AALL Spectrum'' (March 2009).

, ''3 Geeks and a Law Blog'' (September 4, 2012).


Creation and services

Bloomberg Law's web-based platform was first released under a pilot program in late 2009. According to the ''
Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...
'', "the unit forms part of the data provider's drive to diversify beyond the banks and investment groups that make up the core customers for its eponymous terminals." In 2010, the service was formally launched. According to Bloomberg BNA, the platform was developed to help law firms grow their top line revenue, provide counsel by getting answers quickly and efficiently, and maintain and increase their profitability. Prior to the creation of Bloomberg Law, two services, LexisNexis and Westlaw, comprised the majority of the legal research market. Bloomberg L.P. sought to separate itself from the competition by offering an integration of the Bloomberg company and financial data with legal research. Bloomberg Law combines content from Bloomberg's global news network, legal analysis, court dockets, legal filings and reports from Bloomberg legal analysts as well as business news and information. Attorneys can also draw upon stock charts, search patent histories and find information about relevant judges and attorneys. The service is priced to include all features under a fixed monthly fee. In 2011, Bloomberg L.P. purchased Bureau of National Affairs (BNA), and integrated legal materials from BNA into Bloomberg Law. Features include Litigation and Dockets, Legal and Financial Analytics, Business Development Center, Practice Tools and News and Law Reports. In September 2019, Bloomberg BNA changed its name to Bloomberg Industry Group, which includes Bloomberg Law, Bloomberg Tax, Bloomberg Government, and Bloomberg Environment.


Growth and expansion

In October 2010, Lou Andreozzi, a former chief executive officer of
LexisNexis LexisNexis is an American data analytics company headquartered in New York, New York. Its products are various databases that are accessed through online portals, including portals for computer-assisted legal research (CALR), newspaper searc ...
North American Legal Markets, joined Bloomberg Law as chairman and Larry Thompson, a former global marketing officer of LexisNexis, joined as chief operating officer. In September 2011, Bloomberg acquired legal publisher Bureau of National Affairs (BNA) to bolster its proprietary data and content. In September 2012, Greg McCaffery was named chief executive officer of Bloomberg Law. McCaffery had previously served as chief executive officer and president of Bloomberg BNA. In January 2014, Bloomberg BNA, a Bloomberg L.P. subsidiary, took over day-to-day operations of ''Bloomberg Law''. In 2018, Josh Eastright assumed the role of CEO of Bloomberg BNA. Between 2014 and 2015, Bloomberg Law expanded and debuted features including dockets covering state, federal, and select international court cases, financial and legal analytics, and practice-specific products for corporate transactions,
privacy Privacy (, ) is the ability of an individual or group to seclude themselves or information about themselves, and thereby express themselves selectively. The domain of privacy partially overlaps with security, which can include the concepts of a ...
and
data security Data security or data protection means protecting digital data, such as those in a database, from destructive forces and from the unwanted actions of unauthorized users, such as a cyberattack or a data breach. Technologies Disk encryption ...
, and
banking A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...
. In July 2018, Joe Breda was named President of Bloomberg Law, succeeding Scott Mozarsky. Breda previously served as the Executive Vice President of Bloomberg Industry Group's (then called Bloomberg BNA) Product team. Bloomberg Law has integrated Bloomberg Industry Group products and focuses on practice tools for attorney productivity.


Features

* Dockets: Bloomberg Law Dockets cover state, federal, and select international court cases. Users also have access to Breaking Complaints, unlimited alerts, and searches. *
Analytics Analytics is the systematic computational analysis of data or statistics. It is used for the discovery, interpretation, and communication of meaningful patterns in data, which also falls under and directly relates to the umbrella term, data sc ...
: There are two major sets of analytics available on Bloomberg Law: financial and legal.Is this the Next Big Thing in Legal IT, as Bloomberg launches Bloomberg Law: Corporate Transactions
, ''Legal Insider'' (May 19, 2015).
Bloomberg Law News Search houses over 50,000 news wires, while the Business Development Center pulls together business news searches to provide insights into M&A rumors, bankruptcy rumors, recent attorney moves, and other criteria. * Points of Law: Case law research tools using artificial intelligence to identify court decisions on a particular point of law. *State Chart Builders: Allows comparison of relevant laws and regulations from different jurisdictions. * Smart Code: Uses artificial intelligence and machine learning to create virtual annotated codes. * Brief Analyzer: Tools that use artificial intelligence to reduce time analyzing legal briefs. * Litigation Analytics: Organization of analysis by attorneys, law firms, courts, judges, and companies. * Practical Guidance: Coverage for litigators and transactional attorneys in various practice areas.


See also

* Bloomberg Government *
Bloomberg L.P. Bloomberg L.P. is an American privately-held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan, Charles Ze ...


References


External links

*
Bloomberg.com
– Official Bloomberg L.P. website


Bloomberg BNA

Bloomberg BNA Next
{{Bloomberg 2010 establishments in New York City
Law Law is a set of rules that are created and are enforceable by social or governmental institutions to regulate behavior, with its precise definition a matter of longstanding debate. It has been variously described as a science and as the ar ...
Internet properties established in 2010 Legal research News agencies based in the United States Mass media companies based in New York City