|Redline and market standard|
Practical Guidance This is an aggregation of legacy BNA products including their 90 practice portfolios and new “in practice” training guides authored by attorneys. They provide lawyers with timelines, checklists and practical guidance. These resources also link to precedent documents and templates.
There is a perhaps apocryphal story that Michael Bloomberg has given Bloomberg Law 100 years to gain market dominance. As a private company Bloomberg has the advantage of being able to invest in products without the quarterly bottom-line scrutiny faced by their publicly held competitors. It will be interesting to see if Bloomberg Law: Corporate Transactions becomes a tipping point for firms which have held out on purchasing Bloomberg Law, Thomson Reuters Practical Law or LexisNexis Practice Advisor. Firms may see the benefit of opting for a single-solution workflow which Bloomberg BNA now offers in lieu of either the Thomson Reuters or LexisNexis practice and drafting solutions.It will also be interesting to see how LexisNexis and Thomson Reuters respond to Bloomberg Law: Corporate Transactions. Law firms are the beneficiaries as the market players compete to help them become ever smarter, faster and more efficient.
Research and Drafting Technology Identifies and Defines “Market Standard” Deal Terms
· Bloomberg Data & Tools. Deal Analytics: this workflow tool, which provides best-in-class deal and financial data from Bloomberg, enables attorneys to search through nearly half-a-million public and private M&A deals, and filter by deal points including deal size, industry, advisors, advisory fees, and termination fees. With access to this robust Bloomberg data, attorneys can get a more comprehensive picture of their market.