Bloomberg Law Expands Its Reach and Services

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Bloomberg Law has expanded its reach and services to meet the evolving needs of legal professionals. The platform now offers a more comprehensive suite of tools and resources to help lawyers stay ahead in their careers.

Bloomberg Law has partnered with various organizations to enhance its services, including the American Bar Association (ABA) and the National Bar Association (NBA). This partnership has enabled Bloomberg Law to provide exclusive content and resources to its users.

The platform's expansion has also led to the introduction of new features, such as enhanced research capabilities and improved user interface. These updates aim to make it easier for lawyers to find the information they need quickly and efficiently.

Bloomberg Law's commitment to innovation and customer satisfaction has made it a go-to resource for legal professionals.

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Features and Functionality

Bloomberg Law offers a wide range of features that make it a powerful tool for attorneys and legal professionals. The platform provides access to state, federal, and select international court cases through its Dockets feature.

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Bloomberg Law also features a Business Development Center that pulls together business news searches to provide insights into M&A rumors, bankruptcy rumors, and other criteria. This can be a huge time-saver for attorneys who need to stay on top of industry trends.

The platform's Analytics feature offers two major sets of analytics: financial and legal. This allows users to gain a deeper understanding of their clients' businesses and stay ahead of the competition.

Here are some of the key features of Bloomberg Law:

  • Dockets: Access to state, federal, and select international court cases
  • Analytics: Financial and legal analytics, including Business Development Center
  • Points of Law: Case law research tools using artificial intelligence
  • State Chart Builders: Comparison of relevant laws and regulations from different jurisdictions
  • Smart Code: Virtual annotated codes using artificial intelligence and machine learning
  • Brief Analyzer: Tools that use artificial intelligence to reduce time analyzing legal briefs
  • Litigation Analytics: Organization of analysis by attorneys, law firms, courts, judges, and companies
  • Practical Guidance: Coverage for litigators and transactional attorneys in various practice areas

Creation and Services

Bloomberg Law's web-based platform was first released under a pilot program in late 2009, marking the beginning of its journey to become a leading legal research tool.

The platform was developed to help law firms grow their top line revenue, provide counsel with answers quickly and efficiently, and maintain and increase their profitability.

By integrating Bloomberg's global news network, legal analysis, court dockets, and reports from Bloomberg legal analysts, attorneys can access a vast amount of information at their fingertips.

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Bloomberg Law combines this content with business news and information, allowing attorneys to draw upon stock charts, search patent histories, and find information about relevant judges and attorneys.

In 2011, Bloomberg L.P. purchased Bureau of National Affairs (BNA), and integrated legal materials from BNA into Bloomberg Law, expanding its features to include Litigation and Dockets, Legal and Financial Analytics, Business Development Center, Practice Tools, and News and Law Reports.

The service is priced to include all features under a fixed monthly fee, making it an attractive option for law firms looking to streamline their research and stay ahead of the competition.

Bloomberg Law is revolutionizing the legal industry with its cutting-edge features and functionality. One of the most exciting developments is the use of artificial intelligence (AI) to enhance research and analysis.

Bloomberg Law's Points of Law tool uses AI to identify court decisions on a particular point of law. This feature saves researchers time and effort by providing relevant case law information at their fingertips.

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The Brief Analyzer tool is another example of AI in action. It uses artificial intelligence to reduce the time spent analyzing legal briefs, making it easier for lawyers to focus on high-level tasks.

The Smart Code feature also leverages AI and machine learning to create virtual annotated codes. This means that lawyers can access comprehensive and up-to-date legal information without having to sift through countless documents.

Here are some of the key features of Bloomberg Law's AI-powered tools:

  • Points of Law: Identifies court decisions on a particular point of law using AI.
  • Brief Analyzer: Reduces time spent analyzing legal briefs using artificial intelligence.
  • Smart Code: Creates virtual annotated codes using AI and machine learning.

These innovative tools are just a few examples of how Bloomberg Law is using AI to transform the legal industry. By automating routine tasks and providing more accurate and comprehensive information, Bloomberg Law is helping lawyers to work more efficiently and effectively.

Access and Management

You can access Bloomberg Law from anywhere, at any time, including over the summer. This means you can use it to stay on top of your research and projects even when you're not on campus.

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To get started, go to the Bloomberg Law Help Center for detailed documentation and training videos on how to use the various features and tools.

You can also reach out to the Bloomberg Law Help Desk 24/7 for live help, either by calling 888.560.2529, emailing [email protected], or using the Live Chat feature in the Help Center.

If you're a graduating student, you'll retain unlimited and unrestricted access to your account for 6 months after graduation, so you can still use Bloomberg Law to help you with your career even after you've left NYLS.

News and Recognition

Bloomberg Law has received numerous recognitions for its innovative approach to legal research. It was named the "Best Legal Research Service" by the American Association of Law Libraries in 2019.

Bloomberg Law has also been recognized for its commitment to providing accurate and reliable information to its users. According to its website, it has a 99.9% accuracy rate for its data and news.

The service has also received praise for its user-friendly interface and extensive collection of law-related resources.

Growth and Expansion

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Bloomberg Law made significant strides in growth and expansion, starting with the addition of key team members. Lou Andreozzi, a former CEO of LexisNexis North American Legal Markets, joined as chairman in October 2010, while Larry Thompson, a former global marketing officer of LexisNexis, joined as chief operating officer.

In September 2011, Bloomberg acquired the Bureau of National Affairs (BNA), a move that bolstered its proprietary data and content. This acquisition marked a significant milestone in the company's growth.

Greg McCaffery was named CEO of Bloomberg Law in September 2012, bringing with him experience from his previous role as CEO and president of Bloomberg BNA. This change in leadership helped drive further growth and development.

In 2014, Bloomberg BNA took over day-to-day operations of Bloomberg Law, marking a new chapter in the company's evolution. Josh Eastright assumed the role of CEO of Bloomberg BNA in 2018, further solidifying the company's growth.

Between 2014 and 2015, Bloomberg Law expanded its offerings with new features, including dockets covering state, federal, and select international court cases. This expansion helped position the company as a leading provider of practice tools for attorney productivity.

Fifth Annual 40 Under 40: Spotlighting Lawyers

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Bloomberg Law has announced the 2025 honorees of this year's "They've Got Next: The 40 Under 40", celebrating the nation's most promising young lawyers.

This year's recognition is the fifth annual 40 Under 40 program, which highlights the achievements of exceptional lawyers under the age of 40.

Bloomberg Law's 40 Under 40 program is a prestigious honor that showcases the talents and dedication of young lawyers making a significant impact in the legal profession.

The honorees of this year's program will be recognized for their outstanding contributions to the legal field, demonstrating a commitment to excellence and a passion for their work.

The Bloomberg Law 40 Under 40 program has become a benchmark for recognizing and celebrating the achievements of young lawyers, and this year's honorees are no exception.

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Keith L. Alexander Appointed Editor-at-Large

Keith L. Alexander has been appointed as the Editor-At-Large at Bloomberg Industry Group.

Pulitzer Prize-winning journalist Keith L. Alexander is joining the organization to take on this new role.

Bloomberg Industry Group has announced this appointment, highlighting Keith's expertise and experience.

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About Bloomberg Law

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Bloomberg Law is a comprehensive online research platform designed for legal professionals. It provides access to a vast library of content, including news, analysis, and commentary from top legal journalists and experts.

Bloomberg Law offers a range of features and tools to help lawyers stay up-to-date on the latest developments in the law. Its advanced search capabilities allow users to quickly find relevant information.

The platform includes a suite of practice tools, such as checklists, forms, and sample documents, to help lawyers prepare for and manage cases. These tools are organized by practice area, making it easy to find what you need.

Bloomberg Law also provides access to a vast library of secondary sources, including treatises, hornbooks, and study aids. This resource is particularly useful for law students and new lawyers.

Bloomberg Law's news and analysis coverage is unmatched, with in-depth reporting on the latest legal developments and trends. Its journalists and experts provide insightful commentary and analysis on the implications of these developments.

Frequently Asked Questions

Is Bloomberg Law the same as Bloomberg?

Bloomberg Law is a specialized platform that builds upon Bloomberg's global news network, offering in-depth legal analysis and insights. It's not a direct replacement for Bloomberg, but rather a complementary service tailored for legal professionals.

What is the Bloomberg Law good for?

Bloomberg Law helps attorneys boost productivity and efficiency with its advanced technology, comprehensive resources, and expert insights. It's ideal for lawyers seeking to streamline their workflow and stay ahead in the legal industry.

How to get access to Bloomberg Law?

To access Bloomberg Law, go to bloomberglaw.com/activate and enter your personal code, along with your official law school email address and school affiliation. Registration is a quick and straightforward process that can be completed online.

Florence Ratke

Assigning Editor

Florence Ratke is a seasoned Assigning Editor with a keen eye for detail and a passion for storytelling. With a strong background in research and analysis, she has honed her skills in identifying and assigning compelling articles that captivate readers. Florence's expertise spans a range of topics, including personal finance and investing, where she has developed a particular interest in the world of investment certificates.

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