Bloomberg Law’s enhanced Litigation Analytics platform will now enable users to search, review, and analyse what more than 100,000 lawyers at over 775 law firms have been doing and for whom, in relation to litigation work.
The company representation tool does not seek to make predictions on a lawyer’s likely success, but instead seeks to give inhouse legal teams, or rival law firms, a blueprint of that lawyer’s working life: who they’ve helped, what trends can be seen in the cases they take, and where do they have the most experience in terms of jurisdictions.
It will show an attorney’s experience representing companies in federal courts with additional data taken from Bloomberg Law’s comprehensive case law database and news sources.
Armed with this information companies can then make better informed judgments about who they want representing them – without having to rely mainly on lawyer bio pages or word of mouth. In short, they can take a more data-led approach.
The company said this will complement Litigation Analytics’ existing judicial, company, and law firm capabilities, which Bloomberg Law says also ‘enables attorneys at law firms to quickly gain intelligence on their competition and chart winning legal strategies’. It added that this new extension will be packaged up at no additional cost with the existing plans of subscribers.
The key areas the new extension will help with are summarised as:
- What companies has an attorney represented?
- What is an attorney’s areas of expertise and practice areas?
- What is the trend of an attorney’s litigation?
- In which jurisdictions does an attorney have experience litigating?
Is this going to totally revolutionise litigation planning? Not yet, but it’s a useful development that shows that Bloomberg Law is serious about building out its legal data analysis capabilities and leveraging legal information where it can. And, as the group says, this journey has really only just got started, with the main Analytics platform launching a couple of years ago.
Well-established legal data/tech groups such as Thomson Reuters, Wolters Kluwer and LexisNexis clearly have a head start, but, Bloomberg also has significant resources and it will be interesting to see how the competition between these four big players evolves.
Joe Breda, President of Bloomberg Law, said: ‘Our first iteration of Litigation Analytics was released just two years ago, and we have continued to expand our depth and breadth, making Bloomberg Law the go-to platform for AI-powered analytics.’
‘The addition of expansive attorney data to our suite builds on this strength. Our investment in enhancing tools like Litigation Analytics and creating new ones like our award-winning Points of Law demonstrate our commitment to leveraging the latest technologies to continuously innovate and provide the cutting-edge technology, content, and expertise that our customers have come to expect,’ he added.
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