Tuesday, October 18, 2016

BloombergBNA Launches Litigation Analytics; Should Lex Machina Be Worried?

Today Bloomberg announced the launch of a new analytics product that transforms data on more than 3 .5 million companies, 7,000 law firms and all active federal judges into actionable insights. The product is positioned as strategic planning tool for litigators by analyzing   past patterns of judges behavior such as motion grants/denials and time to trial.

  • Motion Outcomes and Appeals Outcomes include the full time period that a judge has been on the bench.
  • Length of Time and Appearance/Case Types are docket based analytics covering back to 2007.
  • Company search and Law Firm search are docket based analytics covering cases back to 2007. 

Here are some sample reports:

Law Firm  Appearances by Case Type

Average Time to Trial

Motion Outcomes

 The Competition. From it's earliest days in the legal market Bloomberg Law has offered a topnotch docket tool and that docket tool provides the raw data which Bloomberg feeds into their analytics engine.There are  several products which offer judicial analytics including Ravel Law and PacerPro and Lex Machina . Lex Machina is the product which can be most closely compared to Bloomberg Law's new offering. Lex Machina came into the market with a product focused on IP litigation. The rationale for Lex Machina's acquisition by Lexis Nexis was the opportunity to expand the Lex Machina offerings by loading the Lexis archive of docket data. In July, they launched a securities litigation product.  I have not yet had a demo of the Bloomberg Law Litigation Analytics product so I can't compare how their interactive features and reports compare with Lex Machina's.

Bloomberg Advantages. The one obvious advantage that Bloomberg will have out of the gate - is that they appear to be offering analytics on all types of federal litigation. Lex Machina intends to expand their coverage beyond IP and securities over the coming year - but for now Bloomberg Law appears to be the only product  offering the insights into practice areas such as labor law, contract disputes and civil rights which are not yet covered by Lex Machina.

A second advantage is that in keeping with Bloomberg Law "all in" contract approach, every Bloomberg Law subscriber automatically gets access to all new content and features. Lex Machina is not integrated into Lexis and must be purchased under a separate license. Thomson Reuters also offers litigation analytics on a separate platform the Intelligence Center, which cannot be accessed from Westlaw and which requires a separate subscription.

In this hyper-competitive legal market, building products such as Litigation Analytics which feed law firms insatiable  appetite for competitive insights is smart marketing strategy.

* Correction of original post regarding coverage dates.

Here is the press release:
New Bloomberg Law Litigation Analytics Solution
Provides Insights into Judicial Behavior

hdfcInnovative Resource Helps to Shape Litigation Strategy,
Drive Business Development Efforts
 Arlington, VA. (October 18, 2016)— Imagine if attorneys could counsel their clients on how long judges typically take to resolve cases, how they rule on dispositive motions, and how often they are overturned on appeal. Insight to those important questions, along with a host of other predictive analytics invaluable to trial lawyers, litigation managers and business-generating rainmakers, are now available on Bloomberg Law.
 Today, Bloomberg Law announced the launch of Litigation Analytics, which draws on both comprehensive court opinions (both published and unpublished) and docket information in Bloomberg Law’s vast databases to help inform litigation strategies and understand potential impacts of judges and courts, revealing insights like:
 Judge Jack Weinstein in the Eastern District of New York has been almost four times more likely to deny a motion to dismiss in full than Judge Jesse Furman in the Southern District of New York.  The disparity is particularly noticeable when it comes to corporate law cases, where Judge Weinstein has been five times more likely to deny a motion to dismiss in full.  
Judge Leonard Stark in the District of Delaware had – to an extraordinary degree – the busiest bench of the judges we sampled over the past five years: the top three firms appearing before him appeared a total of 1050 times.
 “Bloomberg Law Litigation Analytics allows attorneys to devise informed litigation strategies and anticipate outcomes to a degree we could simply not approach before,” said Cassandra Collins, partner in the Business Litigation practice at Hunton & Williams LLP. “The depth of intelligence that can be gleaned from this product is going to make it a go-to resource not only for litigators, but also law firm business developers, marketers, and law librarians.”
With the introduction of Litigation Analytics, Bloomberg Law becomes the first and only full-service legal research and business intelligence platform to include this type of solution, together with access to a comprehensive case law and dockets collection. In addition to providing insights about federal judges, Litigation Analytics includes extensive information on the litigation activities of companies (more than 70,000 public and 3.5 million private companies), as well as the law firms that represent them.
 This universe of data allows law firms and corporations to make more informed decisions on critical strategic issues such as where to file or remove a case, whether or not to settle, whether or not to pursue an action in the first place, and even which law firm to retain or consider—all of which are likely to be influenced by the success rate of cases before particular judges and the length of time that judges take to make decisions.

Corporate legal departments and law firms will also find Litigation Analytics instrumental in gaining intelligence on their competitors and industry peers, as well as each other. Thus, a general counsel can instantly discover how many product liability cases a specific law firm has litigated in California to determine which law firm might best represent a company, while a partner can find out which firms a client prospect is using for environmental cases in New York.

“Our mission at Bloomberg Law is to create technology that enhances our clients’ legal practices, and there’s no better example of that mission in action than this new solution,” said David Perla, President of Bloomberg Law and Bloomberg BNA Legal, who called Litigation Analytics the most comprehensive product of its kind. “Unlike other analytical tools on the market, Litigation Analytics covers all federal district courts and case types, all practice areas, leverages both case law and dockets, and is available without additional cost to existing Bloomberg Law subscribers.”

For more information on the valuable insights Bloomberg Law Litigation Analytics can provide, please view a Technology Snapshot at http://www.bna.com/litigationsnapshot.

To learn more about Bloomberg Law Litigation Analytics, register at http://about.bna.com/litigation-analytics for a product overview webinar on Tuesday, November 1.

About Bloomberg BNA
Bloomberg BNA provides legal, tax and compliance professionals with critical information, practical guidance and workflow solutions. We leverage leading technology and a global network of experts to deliver a unique combination of news and authoritative analysis, comprehensive research solutions, innovative practice tools, and proprietary business data and analytics. Bloomberg BNA is wholly-owned by Bloomberg L.P., the global business, financial information and news leader. For more information, visit www.bna.com.

About Bloomberg Law
Bloomberg Law helps legal professionals provide world-class counsel with access to actionable legal intelligence in a business context. Bloomberg Law delivers a unique combination of practical guidance, comprehensive primary and secondary source material, trusted content from Bloomberg BNA, news, time-saving practice tools, market data and business intelligence. For more information, visit www.bna.com/bloomberglaw.

Sunday, October 2, 2016

LexisNexis Presidential Campaign News Analytics Website Showcases News Viisualization Tools: It's Interactive!

Just in case you are not tuning out any mention of the 2016 Presidential Election-- I recently learned that LexisNexis has posted  an interactive 2016 Presidential Election News  Tracker Page. The page shows coverage trends  for Donald Trump and Hillary Clinton,  and  the Vice Presidential Candidates Mike Pence and Tim Kaine. It also charts, share of voice, and provides word cloud of  campaign hashtag topics. Users can interact with the charts and drill down to read stories.

The Campaign  Page is showcasing some of the new data visualization capabilities which LexisNexis offers in it's NewsDesk curation product.  Charts are generated from an analysis of print, broadcast and web coverage of candidates. Interactive charts enable users to dig into  "share of voice" and geographic coverage of each candidate.

 The topic tracker illustrated below,  shows how much discussion is devoted to hot topics such as gun control or education over the most recent 30 days.
There is also a free Presidential Campaign Tracker App which is downloadable from iTunes.

Lawyers Need to Interact With Information in New Ways. Perhaps the most important aspect of this microsite is that it invites users to interact with information in ways that have not been possible in the "Boolean" online research world. It is important for lawyers to get comfortable with interactive analytics products that this is a public website that provides a no cost introduction to the new world of interactive data and visualization.

Sunday, September 25, 2016

ABA Magazine Honors Dewey B Strategic Blogger with a "Legal Rebels" Profile For "Leading Lawyers Through the Tech Maze"

Dewey B Strategic and I were recently honored with a "Legal Rebels" Profile and podcast on the ABA Journal website "Dewey B Strategic's Jean O'Grady  Leads Lawyers Through the Tech Maze."

Here is an excerpt:

Most people see librarians as the quiet personification of technical obsolescence. Jean O’Grady is out to change that.

Far from sitting in a dusty room full of outdated books and CD-ROMs and telling visitors to keep quiet, the senior director of research and knowledge at DLA Piper in Washington, D.C., is at the forefront of pushing the legal industry toward embracing technology as a means of enhancing the practice of law. Through her acclaimed blog, Dewey B Strategic (which has been selected for the ABA Journal Blawg 100 every year since 2012), as well as through numerous public appearances and interviews, O’Grady informs lawyers about what the current legal tech landscape looks like and what kinds of innovative tools are at their disposal...

"While the blog is named for someone from the past, O’Grady is focused squarely on the future. “I think we are about to see a spectacular growth in innovation,” she says. “Analytics will allow lawyers to ask completely new questions like ‘What will happen?’ instead of just ‘What happened?’ Lawyers will have to speed up their adoption and embrace of analytics.”" Read the full article here.


Thursday, September 22, 2016

LexisNexis Acquires Intelligize: Intelliize + Lex Machina = A Bigger Data Play?

Yesterday LexisNexis announced their intent to acquire Intelligize -- one of those start up gems that came late to the SEC research party and became the "belle of the ball."  Well really, it was  completely different kind of SEC research product that  not only provided deep faceted searching of documents, but introduced powerful algorithms which produce unique insights into SEC comment letters, no action letters and standard  corporate filings.  Today I had the opportunity to discuss the Lexis- Intelligize deal with Jeff Pfeifer, Lexis VP of Product Management and Todd Hicks, CEO of Intelligize.

Intelligize and Securities Mosaic? Do Customers Need Both? In 2013 Lexis bought another "boutique" securities product  with a loyal following called Securities Mosaic. It is hard to see why Lexis would retain both Securities Mosaic and Intelligize, especially when one of them, Intelligize is driven by  more sophisticated technology. Here is a clue. Securities Mosciac will move into the Intelligize organization where both products will be managed by Todd Hicks the current CEO of Intelligize. In today's call, Hicks indicated that they plan to take time and conduct  "a thoughtful assessment of the  product roadmaps for each product" before determining if the products should be merged or remain separate.  For the remainder of 2016, both products will operate separately within LexisNexis North American Research Solutions organization. In January the two product teams will come together within LexisNexis under the leadership of Todd Hicks.

Intelligize and Lex Machina for Securities - the Bigger Data Play?  Less than a year ago LexisNexis purchased Lex Machina  a litigation analytics product.  It seems unlikely that it is a mere coincidence that the first non-IP module for Lex Machina  was focused on securities law and it launched only six weeks ago.  The more interesting alignment of Lexis products may be the convergence of these two securities data sets powered by algorithms and data: Lex Machina for securities litigation  and Intelligize for securities transactions.  Could  a marriage of Intelligize and Lex Machina for Securities Litigation create a whole new breed of legal intelligence platform? Imagine a product that identifies the documents and clauses that are most vulnerable to litigation. Imagine a product that analyses SEC filings and predicts events such as shareholder activism, takeover targets and lawsuits!

Lexis Content Acquisition Strategy. For the past few years LexisNexis  has been collecting legal content gems - Law360, Lex Machina, MLex. Instead of integrating them into the massive LexisNexis organization, each company has remained a stand alone operation retaining their entrepreneurial culture, their key talent and their client relationships. Core Lexis content is being leveraged to enhance the offering of the smaller companies. At some point it would make sense for  - Lexis to start aligning some of the content synergies between the acquired gems. Are they ready to to that?

Why Lexis and Intelligize Agreed to the Deal?
According to Jeff Pfeifer, Lexis VP of Product Management, Lexis has been focused on developing solutions that provide deeper insights using machine learning and analytics. That is.... insights which can't be achieved with traditional text searching. Pfeifer anticipates that Intelligize content will be used to enhance existing Lexis products such as Lexis Practice Advisor and Lexis for Microsoft Office. Pfeifer also described how Lexis Search Advantage  and Intelligize could be combined to enhance internal firm document  research using "clause level analysis." This feature  would enable firms to analyze their own deal documents and compare documents and clauses with peer data sets. This functionality would have an application both in drafting and deal strategy.

According to  Todd Hicks, Intelligize had other suitors, but chose Lexis because of the company's commitment to letting Intelligize remain a stand alone company while making Lexis content and technology available for product enhancements. Hicks anticipates that as a Lexis subsidiary they  can accelerate  the product enhancement pipeline. Hicks indicated that product enhancements are likely to focus on improving drafting tools, expanding regulatory products. Since Intelligize recently  launched an exempt offerings module, Hicks indicated that they would explore creating an international exempt offerings module which would include offerings from non-US stock exchanges.

Like many of my colleagues, I feel a twinge of sadness as I watch the arc of another small startup move from  scrappy innovator to hot property for acquisition. At least we can look back at how Lexis has handled, Securities Mosaic,  MLex, Law360 and Lex Machina -- to see that those companies and products have retained their identities while expanding content and functionality under the Lexis umbrella.

Tuesday, September 20, 2016

Lex Machina Launches New "Easy Button" Analytics Apps to Compare Judges, Courts and Law Firms

Lex Machina is not a hard product to use. It is loaded with data and offers lawyers an infinite landscape of  data permutations. As I have often said "lawyers don't want research products that make them feel like they are wiring a powerplant. They want to flip a light switch." In 2014 Lex Machina launched three desktop '" apps": the early case assessor, the motion kick starter and the patent portfolio evaluator.  These are the "lightswitchs" of litigation data discovery. Today they are announcing the release of two more "apps" the court and judges comparator and the law firm comparator.
Each of these new functions takes what was formally a multistep process and provides a " fill in the blanks" template which in one click produces a set of charts comparing  up to 4 courts judges or law firms using custom selected criteria.

The Court and Judges Comparator

This function allows a lawyer to compare up to four districts or judges. There are two basic "use cases" for this app. One is forum selection:  comparing  trends in districts in order to determine the most  favorable jurisdiction in which to file. The other is to compare an assigned judge to alternate jurisdictions for when  considering a motion to transfer. In each scenario up to four judges and courts can be compared along multiple criteria: trends in case filings, assessing the expertise of the judge, average time for a  preliminary injunction grant, average time to  dismissal,  average time to claim construction, average time to summary judgment,  average time to trial.

The Law Firm Comparator

This new app can be used by outside counsel in selecting law firms as well as by law firms seeking new business. A law firm can compare themselves to three other law firms across multiple criteria  including: volume of cases, number of open cases, number of terminated cases, party roles, success rates and remedies. GCs can compare existing outside counsel with competitor firms using these same types of metrics.

Even though the apps makes the production of comparative charts easy,  the expertise of a lawyer is still required to assess the meaning of the data and trends produced by the comparators.

The Lex Machina apps are "an add"  on to the Lex Machina subscription.

When I interviewed Owen Byrd, Lex Machina's Chief Evangelist and General Counsel for this post he indicated that the engineers  at Lex Machina
would continue developing what he refers to as "easy buttons" for lawyers. New apps could include comparators for parties and individual attorneys-- which I agree would be welcome additions to the comparator family.

Keep the "easy buttons" coming!

Sunday, September 18, 2016

Ravel Law Enhances Caselaw Search with Motion Filters

Last week Ravel Law announced a significant new enhancement to their caselaw research product. This new feature will enable subscribers to filter caselaw by  more than 90 motion types. Cases can now be searched by motion,  topic or  US Code section citations. 
Ravel's Motion Filters
Ravel employs advanced search algorithms to provide unique visual analytics in displaying caselaw search results.
Ravel Caselaw Analytics

Free the Law   Last year Ravel  partnered with the Harvard Law School on as special project to make all US caselaw available to the public. Ravel offers a free caselaw platform which currently includes all federal caselaw and the complete archive of caselaw from several states. They are working with the Harvard Law Library to complete the scanning of approximately 40 million pages of cases from the Law Library collection. The project is scheduled for completion in 2017.

Ravel also offers premium subscribers a "judges analytics" module which provides insights into judges precedential behavior in writing opinions.

Tuesday, September 6, 2016

Sara Glassmeyer Named One of ABA Magazine's 2016 Legal Rebels

Awards should not be announced over long holiday weekends. I almost missed the publication of the ABA Magazine 2016 Legal Rebels.

 I was delighted to see that lawyer/ librarian and information provacateur Sara Glassmayer was at the top of the list. Glassmeyer  who is currently a Research Fellow at the Harvard  Library Innovation Lab published the first census of  digital state primary source materials earlier this year. I reviewed Glassmeyer's "census" free legal information last January. The report outlined the substantial shortcomings and inconsistent availability of "free"primary source information from each of the 50 states.

Additional Rebels in the legal information field include:

Guriner Sangha, lawyer and serial entrepreneur has been highlighted in Dewey B Strategic for founding two inf Intelligize and LitIQ.

Jimoh Ovbiagele  one of the founders of Ross Intelligence, the AI legal research system which has been grabbing headlines all year.

Also of note:

Deborah Read, managing partner at Thomson Hine's profile highlighted the important role of the firm's library and knowledge resources in helping her prepare for her new role as managing partner and transformation agent.

Congratulations to all the 2016 Legal Rebels! See the complete list of "rebels" and read their profiles here.