Image courtesy of Bloomberg Law
Bloomberg Law announced Thursday that it's created an information services bundle designed for lawyers to use as a business development tool.
Partners are under pressure not only to generate new business but also to retain and expand the work from their existing clients," said Greg McCaffery, hired as Bloomberg Law CEO two months ago.
"They seek ways to stay informed and knowledgeable about their clients issues and the competitive landscape without having to sort through internet searches or visit multiple platforms. Bloomberg Law solves that problem," McCaffery stated.
The package includes a business and client monitor, where attorneys can track relevant news, with customizable alerts. There's also a rumors and leads monitor for tracking acquisitions, credit downgrades, hires, and other financial stories.
Another aspect of the bundle is a feature called company screener, showing lawyers how a company is performing compared to similar companies, and who might be at risk of bankruptcy.
Other highlights in the package include profiles of people and companies, breaking docket and law suit filings, litigation analysis, and newsletters. There is no charge for the package beyond standard Bloomberg Law subscriptions, officials in New York said.
Bloomberg Law, upgraded late in 2011, competes against legal information stalwarts LexisNexis and Thomson Reuters.