H/T to Bob Ambrogi for reporting that Fastcase will be adding ABA publications:
Steve Errick, chief operating officer at Fastcase, told me that he is working with the ABA to add publications from different sections one at a time, with family law, health, trial, IP, and criminal law among the first sections in the pipeline. He did not specify the titles to be added but said the arrangement would average 30-60 titles per section.
Subscribers will have access to these titles from directly within the Fastcase 7 platform, but they will be required to purchase the titles to which they want access. Individual titles will be sold at the ABA’s retail price, while firms that purchase multiple or enterprise subscriptions will be eligible for discounts based on number of titles purchased and number of firm users.
Even though individual titles will be priced the same as purchasing them from the ABA, subscribers get two benefits by purchasing them through Fastcase, Errick said. One is ease of access to the titles directly from the platform and the other is the addition within the books of links to cases and regulations.
From the press release:
“The vision for Fastcase is to make it easy for users to connect the legal research workflow dots, from primary law and public records, dockets, expert witness, legal analytics, and legal news,” Errick said. “The collection includes law review articles from HeinOnline, alerts, digests and blogs from LexBlog, and now our fast-growing collection of more than 1,000 market-leading expert treatises. To see it all come together and be able to showcase these fantastic books represents the culmination of 20 years of effort, and we feel like we’re really just getting started,” he added.
State and local bar partners, consumer bankruptcy customers, and AmLaw 250 subscribers have been asking Fastcase for risk solutions that include public records data according to Fastcase President Phil Rosenthal and Fastcase COO Steve Errick. To satisfy the request, Fastcase has partnered with TransUnion. In a nutshell, Fastcase users who sign up with TransUnion to access its TLOxp platform can use TransUnion information to perform due diligence, conduct litigation support, locate witnesses, track ownership of assets, verify identities, and conduct other investigations.
The integration will be available in Fastcase 7 when it comes out of beta sometime later this month or early in April. Both Bob Ambrogi and Jean O’Grady have the details. Recommended.
Thomson Reuters has released Thomson Reuters Panoramic, a cloud-based product geared toward large and midsize law firms to help them budget, plan for and manage matters in real time. Panoramic will be available in the United States and the United Kingdom. A spokesperson for the company said it would evaluate making it available in other jurisdictions later on. Panoramic will launch with a deep focus on corporate mergers and acquisitions, capital markets, litigation and finance. Thomson Reuters expects to build out additional practice areas over time. From the press release:
At the heart of Panoramic are dynamic Matter Maps, created and kept up to date by expert Practical Law attorney editors. These Matter Maps include the phases and underlying tasks needed to execute a specific legal matter, helpful not only in managing and doing the work, but also for understanding the matter and building budgets. Matter Maps in Panoramic contain a sophisticated logic system that guides users to the specific tasks relevant to the facts of their case and provides a common language between the front and back office so that a new matter is planned in a way that will drive positive results for the firm and client. In this way, Panoramic also helps partners and pricing directors achieve more informed and faster scoping and budgeting.
Politico is reporting that “powerful companies such as LexisNexis have begun hoovering up the data from insurance claims, digital health records, housing records, and even information about a patient’s friends, family and roommates, without telling the patient they are accessing the information, and creating risk scores for health care providers and insurers.” The risk score is the product of confidential algorithms. While the data collection is aimed at helping doctors and insurers make more informed decisions on prescribing opioids, it could also lead to blacklisting of some patients and keep them from getting the drugs they need, according to patient advocates. Details here.
Back in 2017, Venture Beat reported that LexisNexis was testing chatbots for legal search. Bob Ambrogi now reports that implementation of a chatbot for Lexis Advance is coming sooner rather than later although no launch date has been announced.
The chatbot’s goal, LexisNexis said, is to give users the option to take more of a conversational approach to search, rather than the “typing keywords into a search bar” approach. A Lexis Advance chatbot could have two key uses. The bot can guide researchers unfamiliar with a topic to sources people typically look at for that topic. The second use is when revisiting prior research. The bot can present it back to searchers, pointing out that, three months ago, they did similar research, and offering to show it to them again. Also, it is claimed that the bot will get better over time at predicting a user’s intent as the user interacts with the system.
Wait ‘n see.
In the history of law library-vendor relations, Thomson Reuters traditionally has been viewed as “the evil vendor” for its long history of nasty B2B relations with law libraries due to the company’s past aggressive duopolistic business practices. No longer in my opinion. One clear impression I got from reading Feit Consulting’s 2019 Legal Information Vendor Market Survey Summary for Survey Respondents is that LexisNexis is the new evil vendor.
It takes a lot to replace Thomson Reuters for this “honor.” Despite TR trying to gouge law libraries by attempting to charge as much as a 20% premium for Westlaw Edge and pricing Practical Law too high according to survey respondents, dissatisfaction with the functionality of LexisNexis’ search platform, pricing trends, and new tying tactics is so widespread and passionate among survey respondents that LexisNexis is clearly entrenched as our new evil vendor.
I’m not sure how LexisNexis ended up here. Perhaps because of –
- the decline in cost recovery practices for search services along with the reduction in the number of firms that provide both Westlaw and Lexis since 2008;
- the 2011 not ready for prime time release of Lexis Advance;
- the nearly annual corporate-wide reorganizations, and executive, managerial and account rep staff replacements (voluntary or not);
- the perception that the company is now offering a search product inferior to Westlaw Edge (While most Feit survey respondents do not license Westlaw Edge yet a majority of Westlaw respondents say they will within the next 3 years.); and
- the company’s new tying tactic leverages the popularity of its legal news products in an attempt to prop up Lexis Advance’s install base and revenue stream (And which appears to be backfiring according to the verbatim comments found in the Feit survey.).
My bottom line: LexisNexis needs a turnaround specialist in its C suite.
Bob Ambrogi is reporting that Thomson Reuters is rolling out Precedent Analytics for Westlaw Edge users today. “Precedent Analytics lets users see the citation patterns of individual judges, revealing the cases, courts, judges and citation language they rely on in deciding different legal issues. It also shows the frequency with which judges have dealt with different issues,” writes Bob. Details on LawSites. See also this Dewey B Strategic post.
Law.com is reporting that seven retired federal judges, including former Seventh Circuit Judge Richard Posner, filed an amicus brief in a class action over PACER fees now on appeal. The brief argues that PACER fees harm the judiciary’s credibility and pro se litigants.
Bob Ambrogi is reporting that LexisNexis is exiting the practice management system market by selling LexisOne to SA Global. Bob points to this Legal Tech Insider report for additional details.
On Dewey B Strategic, Jean O’Grady wants to know what you thought about 2018 legal publishing and tech trends for her new “Hits and Misses” survey. It only takes about 5 minutes to complete and it closes on Jan. 31st. Recommended.
With Google’s reverse image search your results may include similar images, websites that contain those images, and other sizes of the image you searched with. Google Search Help explains here.
Last summer complaints were circulating that LexisNexis was jacking up shipping charges again, at least for some titles. Well, here’s another reason for watching your LexisNexis print invoices. Reports on law-lib indicate that LexisNexis is now automatically charging $2 for a paper invoice for Lexis Advance, is not itemizing this surcharge, and hence has (unlawfully?) unilaterally increased contractually specified Lexis Advance charges. Talk about nickel-and-diming your install base. Just how desperate is LexisNexis?
For an excellent analysis of Bloomberg BNA recent and unusual price hikes and equally unusual aggressive negotiations strategy, see Michael Feit’s opinion piece, Inside Bloomberg BNA’s Fall Pricing Surprise (“How far can BBNA push the market and their prices before people walk away?”)
H/T to beSpacific.
Thomson Reuters is reporting that more than 1,500 legal organizations have already purchased Westlaw Edge and that milestone was reached in Westlaw Edge’s first 15 weeks on the market. The company also reports that all law students will have Westlaw Edge beginning in January 2019.
Pew Charitable Trusts is entering the A2J field, with a plan to develop two applications: one for online dispute resolution, and the other to provide better access to legal information by way of legal navigator websites, using natural language processing to help people diagnose their legal issues and identify a path forward. See Susan K. Urahn’s (Executive vice president and chief program officer for the Pew Charitable Trusts) comments on Governing, this Bob Ambrogi Above the Law post and this Artificial Lawyer post for more.
From the abstract for Jason Zarin, A Comparison of Case Law Results between Bloomberg Law’s ‘Smart Code’ Automated Annotated Statutes and Traditional Curated Annotated Codes (2017):
Traditional annotated codes provide an edited list of cases, organized by topic, that cite a particular statute. Bloomberg Law has recently implemented “Smart Code,” a computer-generated citator to the United States Code. The computer-generated Smart Code is designed to compete with traditional edited annotated codes in that it uses an automated and algorithmic process to classify the cases that cite a statute into a set of ninety topics. Using legal research examples in a variety of topics of increasing abstraction, results using Smart Code are compared to traditional annotated codes (United States Code Service and United States Code Annotated) as well as to specialized looseleafs (e.g., Standard Federal Tax Reporter).
From the Oct. 30, 2018 press release: “Bloomberg Law today announced the formation of its Bankruptcy Innovation Board, which will provide input and consult on the digital Bloomberg Law: Bankruptcy Treatise and inform the direction of future technology-enhanced financial restructuring and insolvency tools on the Bloomberg Law platform. The board’s membership consists of leading bankruptcy attorneys from law firms, academia, and the judiciary.”
Very interesting development. I wonder whether Bloomberg Law will organize similar innovation boards for BNA labor and employment treatises, IP treatises, etc.
Breaking legal news and analysis are critical for legal professionals as they drive success for their businesses and clients. Law360 is a key element of our growth strategy because it adds legal news and analysis, a crucial part of an attorney’s workflow and a key entry point to legal research. — Bob Romeo, (then) CEO of LexisNexis Research and Litigation Solutions, March 20, 2012.
LexisNexis solidified its hold on the digital legal news market when it acquired Law360 in 2012. The company ratcheted up its market dominance with last month’s launch of Nexis Data as a Service. Can anyone compete with LexisNexis in the legal news and news analytics space?
Bloomberg Law and Fastcase are moving into the digital legal news market. Bloomberg Law’s move is coming in the form of the staggered conversion of its topical print BNA Law Reports into a news platform targeted for specific practice groups as the company moves to a digital-only publishing model. When completed, BLaw will be well positioned to compete in the speciality law marketplace for legal news but the company will not really be competing with LexisNexis for legal news and analytics in the general law marketplace.
Legal research isn’t just about logging into an online service and running searches. It’s also about taking an active interest in developments that clients care about. Legal news means covering the stories behind new cases filed, analytics, new judicial opinions, passed bills, and rulemaking. Lawyers have to stay as informed as their clients, and our partnership with Law Street Media will be an important source of must-have information about the fast-changing practice of law. — Ed Walters, Fastcase CEO, October 24, 2018.
Fastcase has acquired and will relaunch the defunct legal news platform, Law Street, next year, as an enhanced daily news and analytics hub highlighting national and state litigation, regulatory developments and state bar news, and offering analytics driven by other Fastcase products. I seriously doubt Law Street will make all that much of a dent in LexisNexis’ dominant market position. One news outlet cannot really compete with LexisNexis’ multiple properties — Law360, Mlex and Knowledge Mosaic and partnerships with American Lawyer Media and the Wall Street Journal. Even if one takes into account Fastcase’s partnership with LexBlog’s new law blogs network, Fastcase still has a way to go to compete more directly with LexisNexis in the generalist law market.
But it is a start. I, for one, however, would have preferred if the company had entered into a partnership with an established legal news outlet like, for example, Courthouse News. Perhaps Fastcase will do so in addition to publishing Law Street.
News analytics appears to be on the rise and LexisNexis, the dominate player in legal news, intends to play its part in this new development. From yesterday’s press release:
Nexis® DaaS offers data-driven organizations distinct and differentiated advantages to harness big data’s potential:
- Comprehensive source universe—Access to petabytes of data including global print, broadcast, web news and social commentary, company and industry data, regulatory and legal data.
- Optimal data integrations—Delivery via flexible APIs providing normalized, XML-based, semi-structured data.
- Robust enrichments—Enriched with multiple feature extractors and metadata related to more than 7000 subjects and industries.
- Experienced big data partner—45 years of experience with content aggregation and multiple patents on machine learning, clustering and other big data applications decades before mainstream use.
Reynen Court has convinced a dozen BigLaw firms to form a consortium focused on standardizing their needs for legal software including artificial intelligence and smart contracts. Once they’ve identified the needs, Reynen Court plans to develop the software these firms would benefit from. Their services automation platform will enable law firms to deploy a wide range of computing applications without exposing firm or client content to disparate third-party cloud environments. The start-up also hopes to accelerate inter-operability between and among legal technology applications.