Wednesday, June 21, 2017

Guess Whose Coming to AALL?: New Exhibitors Part1: Litigation, Corporate and IP Vendors



The AALL Conference Exhibit Hall gives  attendees the chance  to take a long and winding stroll  thought aisles lined with vendors promoting the latest innovations and offering a "first look" at new products.  It is a festival of food, swag and serendipitous encounters with old colleagues as well as the chance to meet new ones.  I especially value the  opportunity for a one-on-one engagement with vendors and a quick tutorial on a on a hot new product. Since the major legal vendors dominate the Exhibit Hall at AALL, it is easy to overlook the first time vendors with unfamiliar names and unknown products. 
  
I thought it would be interesting to take a peek at the twelve new exhibitors at the 2017 Conference and provide some insights into products. This post will be written in two parts. Part one focuses on vendors offering products for litigation, corporate and IP Practice needs.
I recommend that taking a close look at each of these vendors.  Even though you  may have a product which  covers the same legal issues you are likely to discover that each of these vendors is offering a unique type of service or analysis of an old problem.  Many of these vendors are offering AI driven and custom solutions.  Stop by and welcome these new exhibitors to the AALL exhibit call in Austin.

Click here to see a complete list of exhibitors.
I have only used the products of two of these  new vendors Casetext and VoxGov (which will be covered in Part 2 of this post).  Information for the remaining vendors is taken from their websites.

In what may be a first, the AALL "New Product of the Year" award went to a start-up Casetext CARA – a feat all the more remarkable since they had no official presence at AALL in 2016.  Last year many attendees including myself met Pablo Arredondo, who was walking the halls and providing on the fly demos.

I asked Jake Heller, President of Casetext why he thought it was exhibit at AALL. “Law librarians are the world’s true experts in all things legal research and they have been an integral part of CARA’s development and deployment.  Particularly considering CARA being honored as new product of the year, we thought this was a great time to launch our inaugural AALL booth.  We look forward to seeing everyone there!”
Casetext which offers free caselaw research, access to analytical memos from 150 law firms and a “crowd sourced “citator called “We-cite” is launching their first “fee based” product:CARA.  Casetext currently includes over 7 million primary documents including case law from all 50 states.  CARA stands for Case Analysis Research Assistant.  CARA is very easy to use.  All a lawyer has to do is drag and drop a brief into CARA.  Instead of searching with keywords, CARA uses the entire brief as the query.  CARA data-mines the brief by extracting both the text and the citations from the document.  The CARA analysis looks at direct relationships and “implied” relationships between the cited cases in the brief and related opinions in the Casetext database.  CARA uses latent semantic analysis to sort the results.  The CARA results report includes a list of “suggested cases” and a CARA generated analysis of those cases.

Dispute Resolution Data enables you to discover the value of arbitration and mediation through the   DRD provides cost, time, and other valuable process information for users to formulate strategies that transform levels of service.
exploration of aggregated international case data.

Aggregated dispute resolution data will provide professionals in the field with insight through historic and current geographic and case-type reports on dispute resolution claims, durations and processes.  This information is valuable in assessing risk management and strategy.

focusedIP is the first to provide patent practitioners with a high-quality Patent Trial and Appeal Board (PTAB) decision database accessible by state-of-the-art search tools and data analytics.  focusedIP is the only vendor that has generated a complete, accurate and reliable PTAB decision database.  We have taken the time to ensure that our database accurately represents the complete body of published PTAB decisions – including the 100000+ plus PTAB Appeals, and not just the 2600+ AIA Trial Decisions.
GDE Mexico Legal
GDE Legal
"Through timely and proactive solutions we help your international ventures proceed efficiently and with minimal legal cost.  We provide you with valuable information and develop practical tools to ensure you make the best business decisions."

Uses AI to analyse filings for public companies.
Welcome to the 21st Century.  Data Blending with MyLogIQ’s AI Powered Integrated Platform.

CIQ-CompanyIQ™ is a single integrated platform of multiple domains of information, which covers ALL public companies.  It provides a comprehensive 360° profile of companies delivered in real time.  Refer to the list on your right or click here.  Our solution will help you cut costs and increase efficiency.
With CIQ-Company IQ™ you can perform concept based searches and quickly identify changes between documents.  You can also pinpoint relevant peer or industry disclosures for any concept and access SIX other domains of information, not covered by other data providers.
Our CIQ-Company IQ™ cloud based software is the most robust research tool in the industry.  We provide a 360° compliance perspective for ALL public companies.

Perception partners describes three different types of services on their website.  1) Intell compeitive monitoring, mines the deep web for innovation opportunities and IP risk.  2) IP search and   3) Monitor for counterfeits, brand protection services produce evidence of infringement to support takedown reqeusts.
technology landscaping offers expert to map out IP strategy.


Social Media Information (SMI is a managed service provider whose mission is to locate, investigate  and preservive human information from sociall media and the web. "Our  proprietary technology and team of in-house analysts allow us to produce actionable human intelligence reports and preserve web evidence efficiently and with a high degree of accuracy."
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This years conference will be held at The Austin Convention Center, July 15th to 18th in Austin Texas.



Tuesday, June 20, 2017

Lex Machina "DeCodes" Commercial Litigation: Launches Latest Analytics Insights into Business Torts and Contract Litigation

Owen Byrd , the Chief Evangelist at Lex Machina  is really excited about the latest module of legal analytics. Byrd provided me with a preview of the new commercial litigation product. While Byrd is proud of all of the Lex Machina modules, he sees the commercial product as providing lawyers with a truly unique set of insights . According to Byrd until today there was no easy way to isolate analytics for the most common types of commercial litigation cases:"breach of contract" and "business tort."  Sophisticated docket researchers  have been frustrated by the gaps in the federal NOS codes which frustrate the tracking and analysis of many important types of litigation. 





Engineering a "Nature of Suite" Code

The first question I asked Byrd was "How did you go about identifying commercial cases?"
After extensive interviews with commercial litigators, Lex Machina determined that Breach of Contract and Business Tort were the most important types of commercial litigation controversies. Using a combination of machine learning, natural language processing and human, attorney coders Lex Machina was  able to create a "virtual NOS" code for this important subset of business litigation.  This new set of  cases required practice specific tagging for  issues such as contract breach, existence, rescission and termination as well as contract defense and unjust enrichment. Business tort finding include conversion, defamation/trade libel and fraud.


According to the press release, of over 62,000 commercial cases filed since 2009, 80% include a breach of contract claim, and 57% include a business tort claim. PACER, the online platform containing federal docket entries and related documents, does not contain a Nature of Suit (NOS) code that captures all commercial cases. Lex Machina’s new offering resolves the challenge of defining “commercial” cases, which are often filed under multiple NOS and Cause of Action (COA) codes. Approximately 25% of commercial cases meet the definition of an intellectual property, securities or antitrust case, and are coded in PACER as such. Commercial litigation generated $6 billion in billings for US law firms annually.

New  Lex Machina features include:

Expanded case timing analytics: In addition to time to dismissal, trial and termination, Lex Machina has added time to permanent injunction and summary judgment.

New damages categories: Commercial cases include contract damages, restitution, and other damages, as well as tort compensatory damages and punitive damages.

New breach of contract and business tort findings: New tags have been added for contract breach, existence, rescission, and termination, as well as contract defense and unjust enrichment.  Business tort findings include conversion, defamation/trade libel, fraud/

Hats off to the Lex Machina team. The new commercial module is an important achievement in leveraging technologies such as machine learning and natural language processing to identify, code and expose important new subsets of litigation which have been buried in the arcane coding of federal Pacer system. According to Byrd Lex Machina plans to release additional modules through the end of the year including, employment law, products liability and commercial bankruptcy.

Launch Event Webinar Today: There will be a commercial litigation webinar today at 12 noon register here for Lex Machina’s commercial launch webcast entitled “New Legal Analytics for Commercial Litigation.”  The webcast will be moderated by Above The Law’s managing editor David Lat. Joining him will be David J. Tsai, co-managing partner at Vinson & Elkins LLP, Mark Herrmann, vice president and chief litigation counsel at Aon Corp., and Owen Byrd, general counsel and chief evangelist at Lex Machina.

Here is the full press release:

Lex Machina Expands its Award-Winning Legal Analytics Platform to Commercial Litigation
Commercial offering is latest step in Lex Machina’s rollout of Legal Analytics for all practice areas

Menlo Park, CA — June 20, 2017 — Lex Machina, a LexisNexis company, today announced the expansion of its award-winning Legal Analytics® platform into commercial law, the largest of all federal practice areas, and Lex Machina’s most ambitious expansion to date. The new commercial module represents the company’s commitment to expand Legal Analytics beyond patent, trademark, copyright, securities, and antitrust law to cover every federal practice area. 

Commercial litigation is a massive, high-stakes category, generating more than $6 billion in billings by law firms in the U.S. annually. With the new module, commercial litigators will be able to use Legal Analytics to make data-driven decisions based on detailed information about more than 62,000 commercial cases pending since 2009. Lex Machina is the only solution with practice area-specific tags that are key to true Legal Analytics, which provide attorneys a distinct competitive advantage in commercial litigation. Strategic insights include trends in case timing, resolutions, findings, damages, and remedies, as well as actionable intelligence on opposing counsel, law firms, parties, judges, venues, and more.

As part of the product development process, Lex Machina interviewed commercial litigators from top law firms and major corporations to better understand their particular analytics use-cases. The product team incorporated their feedback directly into the new offering. To meet the needs of commercial litigators, Lex Machina has added new features with unique, practice area-specific tags such as:

Expanded case timing analytics: In addition to time to dismissal, trial and termination, Lex Machina has added time to permanent injunction and summary judgment.

New damages categories: Commercial cases include contract damages, restitution, and other damages, as well as tort compensatory damages and punitive damages.

New breach of contract and business tort findings: New tags have been added for contract breach, existence, rescission, and termination, as well as contract defense and unjust enrichment.  Business tort findings include conversion, defamation/trade libel, fraud/misrepresentation, misappropriation of trade secrets, negligence, tortious interference, and tort defense.

Commercial cases also have relevant general litigation tags, including orders for contested dismissal or summary judgment, declaratory judgment, multi-district litigation, class action, jury trial, bench trial, and appeal.

“Commercial litigation is by far Lex Machina’s biggest, most ambitions endeavor yet because its
all-encompassing nature transcends so many other legal practices. Up to now, this has made it extraordinarily difficult for commercial litigators to gather critical insights they need to properly defend their clients,” said Josh Becker, CEO of Lex Machina. “Legal Analytics plays a crucial role in helping attorneys unravel the complexity of commercial litigation by providing them with relevant data and information they can use to quickly make informed business and legal decisions and provide better counsel for their clients.”

Of over 62,000 commercial cases filed since 2009, 80% include a breach of contract claim, and 57% include a business tort claim. PACER, the online platform containing federal docket entries and related documents, does not contain a Nature of Suit (NOS) code that captures all commercial cases. Lex Machina’s new offering resolves the challenge of defining “commercial” cases, which are often filed under multiple NOS and Cause of Action (COA) codes. Approximately 25% of commercial cases meet the definition of an intellectual property, securities or antitrust case, and are coded in PACER as such. 

“We’re excited to offer commercial litigators the first platform that enables valuable strategic analysis for commercial cases,” said Karl Harris, CTO of Lex Machina. “The high volume of commercial cases along with the shortcomings of PACER have been major obstacles for attorneys trying to get an accurate and comprehensive view of commercial litigation. Legal Analytics now offers a solution to that problem, and the addition of multiple tags specific to commercial litigation will unlock a wealth of new insights that have never been available before.”

Lex Machina’s Legal Analytics is a “must have” tool for litigators in many of America’s top law firms and corporations. More than half of Am Law 100 law firms use Lex Machina to craft successful litigation strategies, win cases and land new clients. For more information about Lex Machina’s newest practice area,  register here https://vts.inxpo.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowKey=40443 for Lex Machina’s commercial launch webcast entitled “New Legal Analytics for Commercial Litigationhttps://vts.inxpo.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowKey=40443 scheduled for June 20 at 9:00 PDT, 12:00 EDT. The webcast will be moderated by Above The Law’s managing editor David Lat. Joining him will be David J. Tsai, co-managing partner at Vinson & Elkins LLP, Mark Herrmann, vice president and chief litigation counsel at Aon Corp., and Owen Byrd, general counsel and chief evangelist at Lex Machina.

About Lex Machina
Lex Machina’s award-winning Legal Analytics® platform is a new category of legal technology that fundamentally changes how companies and law firms compete in the business and practice of law. Delivered as Software-as a-Service, Lex Machina provides strategic insights on judges, lawyers, parties, and more, mined from millions of pages of legal information. This allows law firms and companies to predict the behaviors and outcomes that different legal strategies will produce, enabling them to win cases and close business.
Lex Machina was named “Best Legal Analytics” by readers of The Recorder in 2014, 2015 and 2016, and received the “Best New Product of the Year” award in 2015 from the American Association of Law Libraries.

Based in Silicon Valley, Lex Machina is part of LexisNexis, a leading information provider and a pioneer in delivering trusted legal content and insights through innovative research and productivity solutions, supporting the needs of legal professionals at every step of their workflow. By harnessing the power of Big Data, LexisNexis provides legal professionals with essential information and insights derived from an unmatched collection of legal and news content—fueling productivity, confidence, and better outcomes. For more information, please visit www.lexmachina.com.

Monday, June 12, 2017

Breaking News Exclusive: Fastcase Hires Seasoned Legal Publishing Exec -- Launching New Strategy-- Ready to Take on the Titans: Lexis, Westlaw and BloombergBNA


Fastcase is announcing today that a former LexisNexis executive Steve Errick will join the company’s executive team as Chief Operating Officer.  According to the press release, Errick will be “responsible for executing the company’s strategic vision, developing new editorial products, and developing the company’s organizational structure as the company expands.”

Errick’s non-compete agreement with LexisNexis expires on June 30th and Errick will join Fastcase on July 1st. Errick most recently served as Vice President and Managing Director for Research Information for LexisNexis.  In that role, Errick oversaw the Legal Research Information Product Division, with a $1 billion P&L portfolio.  He led LexisNexis’s development of workflow tools such as Lexis for Microsoft Office, E-book Digital Lending, Total Patent, and Litigation Suite which included MedMal Navigator. Errick also shepherded LexisNexis’s acquisition of Law360, Securities Mosaic, and Sheshunoff/AS Pratt Financial Services.



Errick has an impressive resume with executive positions inside other legal publishing giants. He previously served as Vice President and General Manager of Wolters Kluwer’s CCH Publishing division, as well as the Publisher of Thomson Reuters’s Foundation Press division and Director of Acquisitions of Thomson’s Clark Boardman Callaghan division.


The press release quotes Fastcase CEO Ed Walters: “We couldn’t be more excited to have Steve join the team. Fastcase is an increasingly complex company, with sophisticated legal data updating operations, multiple product lines, and more than 100 employees in three offices – and we’re growing all the time. Steve’s deep relationships in the industry and his experience in managing legal publishing companies at scale will be important as we are growing into one of America’s largest legal tech companies.”

An Expanded Legal Publishing Strategy

Fastcase also announced that it would begin editorial publishing starting in 2018 to expand its offerings beyond primary law (case law, statutes, regulations, etc.). The company will launch its own imprint of treatises, secondary sources and journals. It will also partner with bar associating in developing new state workflow products. This is a smart move given relentless demand by clients for efficiency. Will they attempt to erode the market share of high ticket workflow tools offered by Thomson Reuters (Practice Point), LexisNexis (Lexis Practice Advisor)  and BloombergBNA by offering a lower cost alternative? 


 Errick has worked in all facets of legal publishing so he is well positioned of navigate this expanded landscape. “Early in my career at West, my challenge was finding the best authors,” Errick is quoted in the press release. “Most recently at LexisNexis it was acquiring the best companies and building a product team to drive those businesses. And now, I get this wonderful opportunity to use these diverse experiences to help accelerate the pace of the most innovative company in legal tech.”


Fastcase President Phil Rosenthal elaborated on Errick’s portfolio at Fastcase which he describes as “developing the professional and management skills of the Fastcase team as it grows. Steve is a dynamic, hands-on leader who will help us build a world-class team and accelerate our growth. Everyone who has worked with Steve knows that he is very loyal to his teammates and helps them to be their best.  Great teams win, and Steve is going to help us make a great Fastcase team even better.” 


Jumping the Chasm From Start Up to Scale Up

This Fastcase announcement comes just days after LexisNexis announced the acquisition of one of their key competitors Ravel Law. In a phone conversation Walters described how he and Rosenthal were determined to be one of the few legal tech startups to “jump the chasm” .i.e. becoming a global enterprise player rather than an acquisition target. Fastcase hopes to follow the lead of companies like Google and Salesforce whose founders maintained independence long enough to become industry leaders.

While it may seem unlikely to some that Fastcase could ever displace the larger  legal research systems, there are some factors which play in their favor. Unlike Lexis and Westlaw which are  subsidiaries of huge global public companies, Fastcase  is a private company which can call its own shots and perhaps move more quickly to adopt transformative emerging technologies. BloomergBNA which is also a private company has faced low enterprise adoption rates  due to its high price point in a legal market seeking to reduce the overhead costs of online research. Until now Fastcase has positioned itself as a low cost commodity research product focused on primary law. In the past year they acquired one of their competitors, Loislaw from Wolters Kluwer and last week competitor Ravel Law was acquired by LexisNexis enabling Fastcase to solidify its dominance of the low cost market.  This strengthened market position combined with Errick's deep market expertise and a new strategy  including an expanded product line  including secondary sources and workflow tools should, at the very least, enable Fastcase to move "up market" while eroding  some marketshare of the premium priced legal research platforms.

Here is the full press release:

 FOR IMMEDIATE RELEASE


June 12, 2017



Media Contacts:
Jennifer Brand Ransom, Fastcase Media Relations
202.731.2114
Fastcase Appoints Steve Errick as Chief Operating Officer
Seasoned Legal Industry Veteran to Prepare Fastcase for Growth at Scale
Errick most recently served as Vice President and Managing Director for Research Information for LexisNexis.  In that role, Errick oversaw the Legal Research Information Product Division, with a $1 billion P&L portfolio.  He led LexisNexis’s development of workflow tools such as Lexis for Microsoft Office, E-book Digital Lending, Total Patent, Litigation Suite which included MedMal Navigator. Errick also shepherded LexisNexis’s acquisition of Law360, Securities Mosaic, and Sheshunoff/AS Pratt Financial Services.
Errick is a veteran of the legal publishing industry, having previously served as Vice President and General Manager of Wolters Kluwer’s CCH Publishing division, as well as the Publisher of Thomson Reuters’s Foundation Press division and Director of Acquisitions of Thomson’s Clark Boardman Callaghan division.
“We couldn’t be more excited to have Steve join the team,” said Fastcase CEO Ed Walters. “Fastcase is an increasingly complex company, with sophisticated legal data updating operations, multiple product lines, and more than 100 employees in three offices – and we’re growing all the time. Steve’s deep relationships in the industry and his experience in managing legal publishing companies at scale will be important as we are growing into one of America’s largest legal tech companies.”
Fastcase also announced that it would begin editorial publishing starting in 2018 to expand the reach of its legal research service, which to date has focused exclusively on primary law such as case law, statutes, regulations, court rules, and constitutions.  The company will launch it’s own imprint of expert treatises, secondary material, and journals, and partner with its bar association partners in developing new state workflow products.
“Early in my career at West, my challenge was finding the best authors,” Errick said. “Most recently at LexisNexis it was acquiring the best companies and building a product team to drive those businesses. And now, I get this wonderful opportunity to use these diverse experiences to help accelerate the pace of the most innovative company in legal tech.”
Headquartered in Washington, D.C., Fastcase is one of the nation’s fastest growing legal tech companies. Twenty-nine state bar associations have subscribed to Fastcase, as well as scores of the nation’s largest law firms. More than 800,000 lawyers have a subscription to Fastcase, many through their state bar association. A recent survey of more than 2,100 subscribers to Clio showed that Fastcase is in a “virtual dead heat” for the most-used legal research service (Westlaw 20.58%, Fastcase 20.35%, and LexisNexis 20.21%).
Fastcase President Phil Rosenthal said that he was looking forward to Errick’s role in developing the professional and management skills of the Fastcase team as it grows. “Steve is a dynamic, hands-on leader who will help us build a world-class team and accelerate our growth. Everyone who has worked with Steve knows that he is very loyal to his teammates and helps them to be their best.  Great teams win, and Steve is going to help us make a great Fastcase team even better.”
About Fastcase
Fastcase is a leading legal publisher focused on smarter legal software that democratizes the law. Using patented software that combines the best of legal research with the best of Web search, Fastcase helps busy users sift through the clutter, ranking the best cases first and enabling the re-sorting of results to find answers fast. Founded in 1999, Fastcase has more than 800,000 subscribers from around the world. Fastcase is an American company based in Washington, D.C. For more information, follow Fastcase on Twitter at @Fastcase or visit www.fastcase.com.

Friday, June 9, 2017

LexisNexis Acquires Ravel Law: A Tipping Point for Legal Analytics and the Second Wave of Legal KM


Back in March I reported on a rumor that Ravel Law would be acquired by LexisNexis. Today LexisNexis and Ravel announced that Ravel Law is in fact being acquired by LexisNexis. Ravel Law was developed by Stamford Law grads Daniel Lewis and Nik Reed and offered a research platform which radically altered the way research results were delivered and displayed. They later offered a series of innovative analytics tools which provide insights into judicial precedential behavior, courts, motions and law firm litigation trends. Since Lexis acquired another legal analytics company, Lex Machina in November 2015, I was curious to learn why LexisNexis decided to acquire another product offering legal analytics. Today I posed some questions to Ravel Law co-founder Daniel Lewis and LexisNexis VP of product management, Jeff Pfeifer.

I tried to pin down Pfeifer and Lewis on the future of the Ravel Law product in the low cost legal research market. Pfeifer responded by confirming that Lexis Nexis would keep Ravel’s commitment to provide public access to the Harvard Caselaw archive on the Ravel Law platform. The press release however refers to Lexis integrating Ravel technology and designating content as "powered by Ravel Law."

 What's Next? The press release specifically indicates that Ravel content/ and or technology will be integrated into these Lexis Analytics products:

o   LexisNexis MedMal Navigator

o   LexisNexis Verdict & Settlement Analyzer

o   Intelligize

o   Lex Machina

o   Lexis Litigation Profile Suite

Ravel Law’s data visualization tool and access to Harvard case law PDF images will enrich Lexis Advance.

Retaining the Ravel Team Lewis and Reed the co-founders of Ravel have both been offered senior positions at Lexis Nexis and will report to Pfeifer.They will focus on creating new solutions for the legal market.

Ravel will remain in its current San Francisco location in order to retain their existing team which includes lawyers, data scientists and design experts. This will also enable them to, leverage the Silicon Valley talent pool. According to Lewis the acquisition should not be viewed as "Ravel having reached a finish line." To the contrary, he sees the Lexis acquisition as allowing the impact of the Ravel technology to reach millions of lawyers through a larger platform.

According to Pfeifer, Lexis has made $1 billion investment in re-architect the Lexis Advance platform and Lexis content. They will integrate Ravel’s machine learning technologies while also developing new machine learning and AI applications.

When will the analytics tipping point occur?
I estimate that in five years legal analytics will become a core competency demanded by state bar associations - similar to the recent adoption of standards for technology competence in many states.


Lewis believes that introducing analytics in a more familiar application such as LexisAdvance  will probably accelerate lawyers’ understanding and embrace of analytics as a critical practice tool. Lewis hopes that the Lexis/Ravel integration  will create a platform in which analytics will simply evolve into an intuitive dimension of case law research.

Driving the Second Wave of Knowledge Management

According to Pfeifer, Lexis is rapidly moving towards leveraging content from Intelligize (which was previously acquired) to deploy analytics and language analysis on firm data for transactional documents.  He sees a similar opportunity for leveraging the Ravel technology as well as other technology that Lexis is developing in house. Pfeiffer suggest that the legal market is about to witness a second wave of knowledge management. Lexis is in the process of creating tools which will enhance internal law firm data with machine learning tools which will  enhance the documents and extract firm data and analytics which can be combined with external data and analytics. All three of  Lexis recent acquisitions: Intelligize, Lex Machina and Ravel support a Lexus Nexis vision to enrich data  and drive access to data analytics conclusions.

The Ravel Legacy. In the press release Lewis cited  the Harvard  Law School alliance  which provides open access to all US caselaw:  “we’ve digitized American law – a contribution to society that will outlive all of us."

Thoughts on Market Impact Fastcase is the company which competed most directly with Ravel in offering a sophisticated research product to firms in search of a lower cost alternative to Lexis, Westlaw and Bloomberg Law. I asked Ed Walters the CEO of Fastcase if he had any thoughts to share on the Lexis/Ravel deal: “ I can definitely see the fit. LexisNexis has been seeking an injection of entrepreneurship – Intelligize, LexMachina, and now Ravel – and Ravel gets to use the giant sandbox of data in LexisNexis.  It’s a validation of the importance of analytics in the next wave of legal research.”

Bloomberg Law was the first of the major legal vendors to integrate comprehensive federal caselaw analytics for all types of litigation into their legal research desktop. (By contrast Lex Machina data is exposed in Lexis Advance for IP, Securities and Antitrust cases only.) In addition Bloomberg has added Compliance  Rick Benchmarks and a Business Intelligence Center to their platform.

ThomsonReuters brought the first legal analytics product into the market over ten years ago. The Thomson Reuters Intelligence Center remains a stand alone product which is used primarily by marketing and research teams in law firms. I reached out to Thomson Reuters today to determine if they are preparing to launch a legal analytics product which is integrated into the lawyers desktop in order to compete more directly with LexisNexis and Bloomberg Law offerings.   TR had no comment on their specific plans regarding analytics.

Here is the letter that Ravel sent to their customers:

 Dear Ravel Law Customer:

We are pleased to share that today LexisNexis announced its acquisition of Ravel Law, further extending our unparalleled capabilities in the analytics space.  This exciting acquisition strengthens the LexisNexis position as the leader in legal analytics by expanding  the LexisNexis Legal Analytics suite of products through full integration of Ravel judicial analytics, data visualization technology and exclusive case law PDF content from the Harvard Law Library into Lexis Litigation Profile Suite® and Lexis Advance®.

As a Ravel Law customer, I’d like to share a few details of how this acquisition will benefit you.


·       New and powerful capabilities in one platform. Combining the resources of LexisNexis and Ravel Law will allow us to bring new innovations and additional content to Ravel customers. 

o   In early 2018, LexisNexis will integrate content and capabilities from Ravel Law with Lexis Advance, delivering new insights around judicial behavior that complement the product’s current expert witness intelligence. 

o   Ravel Law’s data visualization tool and access to Harvard case law PDF images will enrich the already expansive case law collection available on Lexis Advance. 


·        Opportunity for unprecedented Insights.  The new expansive suite of analytics tools will provide unique opportunities for insight into judges and parties to cases.  Lex Machina provides Legal Analytics about the behavior of judges, law firms, lawyers and parties, enabling lawyers to craft successful trial strategies, win cases and close business. Lexis Litigation Profile Suite, enhanced by Ravel Law technology, will complement this offering by providing insight into arguments that are likely to be persuasive to a judge. When combined with the behavior analysis from Lex Machina, litigators have the ability to build judge-specific arguments for use in court.


·       No changes to your current subscription. For the immediate future, there are no changes to your Ravel Law subscription. You will continue to be billed and access the product as you always have.


As we move forward to leverage the many exciting opportunities this acquisition offers to our customers, we will make sure to share the details with you.  For any additional questions, please contact your local Ravel Law representative.

Sincerely,

Sean Fitzpatrick                                                                                Daniel Lewis

Managing Director                                                                           Chief Executive Officer

North American Research Solutions                                             Ravel Law

LexisNexis