Bloomberg Law

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Bloomberg Law is a subscription-based service for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news information to attorneys and other legal professionals.[1]

Creation and services[edit]

Its web-based platform was first released under a pilot program in late 2009.[2] According to the Financial Times, "the unit forms part of the data provider's drive to diversify beyond the banks and investment groups that make up the core customers for its eponymous terminals."[3] In 2010, the service was formally launched.[4]

Prior to the creation of Bloomberg Law, two services, LexisNexis and Westlaw, comprised the majority of the legal research market. Bloomberg L.P. sought to separate itself from the competition by offering an integration of the Bloomberg company and financial data with legal research. Bloomberg Law offers access to primary legal content, court dockets, legal filings and reports from Bloomberg legal analysts as well as business news and information. Attorneys can also draw upon stock charts, search patent histories and find information about relevant judges and attorneys.[5] The service is priced to include all features under a fixed monthly fee.[6]

In 2011, Bloomberg L.P. purchased Bureau of National Affairs (BNA),[7][8] and it integrated legal materials from BNA into Bloomberg Law.[9]

Growth and expansion[edit]

In October 2010, Lou Andreozzi, a former chief executive officer of LexisNexis North American Legal Markets, joined Bloomberg Law as chairman and Larry Thompson, a former global marketing officer of LexisNexis, joined as chief operating officer.[10]

In September 2011, Bloomberg acquired legal publisher Bureau of National Affairs (BNA) to bolster its proprietary data and content.[11] Shortly before its acquisition of BNA, Bloomberg Law announced it would become the exclusive sponsor of SCOTUSblog, a site providing public access to U.S.Supreme Court coverage.[12]

In September 2012, Greg McCaffery was named chief executive cfficer of Bloomberg Law. McCaffery had previously served as chief executive officer and president of Bloomberg BNA.[13]

See also[edit]

References[edit]

  1. ^ "Bloomberg Hangs New Shingle". MarketWatch. Retrieved August 15, 2011. 
  2. ^ "Bloomberg to Compete with Lexis and Westlaw". Above the Law (blog). Retrieved April 3, 2013. 
  3. ^ "Bloomberg Law's Discounts Pose Threat". Financial Times. Retrieved April 3, 2013. 
  4. ^ "Bloomberg Hangs New Shingle". MarketWatch. Retrieved August 15, 2011. 
  5. ^ "Can Bloomberg Law Compete With Westlaw and LexisNexis?". The Wall Street Journal. Retrieved August 4, 2011. 
  6. ^ "Bloomberg LP Lays Down the Law". Crain's New York Business. Retrieved June 19, 2012. 
  7. ^ Douglas, Danielle (August 25, 2011). "Bloomberg Snags BNA for $990M". Capital Business Blog (of The Washington Post). Retrieved June 20, 2013.
  8. ^ Rodgers, Loren (September 15, 2011). "BNA to Be Acquired by Bloomberg". The Employee Ownership Update. National Center for Employee Ownership. Retrieved March 28, 2013. 
  9. ^ Press release (April 2, 2012). "Bloomberg Law Expands with Integration of BNA Content". Bureau of National Affairs. Retrieved June 20, 2013. 
  10. ^ Becker, Amanda (October 25, 2010). "Legal Briefs: Bloomberg Law Fills Pair of Leadership Positions with Former LexisNexis Executives". The Washington Post. Retrieved February 2, 2011. 
  11. ^ "Bloomberg's $990M Bid for BNA Succeeds". Yahoo! News. Retrieved February 29, 2012. 
  12. ^ "Bloomberg Law Sponsors SCOTUSblog". Politico. Retrieved October 19, 2011. 
  13. ^ "Greg McCaffery Named CEO of Bloomberg Law". Business Wire. Retrieved September 21, 2012. 

External links[edit]