AI-Driven Legal Research and Tools - Bloomberg Law (2024)

Bloomberg Law Platform

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The AI innovations you need to stay ahead

For over a decade, Bloomberg Law has been perfecting the power of AI to help lawyers speed up and simplify legal tasks. With recent artificial intelligence and machine learning breakthroughs, now even more is possible.

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Get the right case law in seconds

Easily find the leading case law, guiding legal principles, and best language to support your argument.

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Cut down research time even more

Analyze a legal brief in seconds, check citations, and find suggestions to improve your draft or response.

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Be better prepared for litigation

Cut through millions of data points to mine competitive intelligence and develop an informed strategy.

Answering your toughest litigation questions – fast

With the unmatchable speed of AI layered into the world’s top legal intelligence platform, litigators can prepare better and faster than ever before.

Find case interpretations quickly

Using machine learning, Smart Code quickly pulls case extracts interpreting a federal or state code section. It ranks each case discussion as strong, moderate, or weak, so you don’t waste time on results you don’t need.

Identify precise case language

Our AI-powered case law research tool, Points of Law, pinpoints the best case for a particular point of law so you can quickly find precedents that strengthen your case.

Winner of AALL’s 2018 New Product Award

Identify precise case language

Our AI-powered case law research tool, Points of Law, pinpoints the best case for a particular point of law so you can quickly find precedents that strengthen your case.

Winner of AALL’s 2018 New Product Award

Automate brief analysis

Eliminate the time-consuming steps of traditional brief analysis. With Brief Analyzer, you can leverage machine learning capabilities to automate the tedious process of reviewing legal documents, checking citations, searching case law, finding additional suggested relevant content, and more.

Winner of Dewey B. Strategic’s 2020 Best New Workflow Product

Inform your strategy

Litigation Analytics is the smartest way to improve your litigation strategy. You can visualize trends, predict case outcomes, advise clients, and easily search millions of data points by company, law firm, attorney, court, and judge.

Inform your strategy

Litigation Analytics is the smartest way to improve your litigation strategy. You can visualize trends, predict case outcomes, advise clients, and easily search millions of data points by company, law firm, attorney, court, and judge.

Search dockets with precision

Bloomberg Law’s Docket Key uses AI models to identify up to 20 key document types across all federal district court dockets so you can search for a precise filing type. You can also use our Docket Resolution system to quickly find the final outcome for closed federal district court dockets.

Streamlining your most tedious contract tasks

Getting every contract detail right is critical, but you don’t have to be the one crossing t’s and dotting i’s.

Match market standard language

Our Draft Analyzer uses several machine learning models to simplify contract drafting and save time by automatically benchmarking your agreement language against the market standard.

Draft and negotiate faster

Bloomberg Law Contract Solutions is our AI-powered contract management platform purpose-built for in-house legal teams to store, manage, draft, negotiate, and analyze contracts more efficiently. Seamless integration with MS Word provides easy access to all your contracts and clauses as well as a suite of powerful drafting and negotiating tools, right from your document.

Draft and negotiate faster

Bloomberg Law Contract Solutions is our AI-powered contract management platform purpose-built for in-house legal teams to store, manage, draft, negotiate, and analyze contracts more efficiently. Seamless integration with MS Word provides easy access to all your contracts and clauses as well as a suite of powerful drafting and negotiating tools, right from your document.

The intelligent approach to legal AI

The nuances and challenges of AI are not new to us. We’ve built Bloomberg Law with the most cutting-edge AI technology for over a decade. We do understand, however, that recent advancements in AI and machine learning require an extraordinary level of discernment and testing.

That’s why we recently created the Bloomberg Law Innovation Studio – a testing environment that offers access to the latest AI-powered tools that are currently under development for the Bloomberg Law platform.

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Insights

Get more from your legal software

Bloomberg Law is the only platform you need to execute a winning legal strategy.

View the Platform

Workflow ToolsSpeed up your daily tasks with tools like our Docket Key, Brief Analyzer, Draft Analyzer, and Litigation Analytics.Read More
Practical GuidanceUse step-by-step guidance and improve your game with checklists, sample forms, guides, agreements, and more.Read More
News and AnalysisGet trusted information from our large newsroom, supported by a deep bench of lawyers who give you data-based analysis of key issues impacting the legal and business markets.Read More

Request a demo

Bloomberg Law is the all-in-one legal platform that’s remarkably simple to use and gives you everything you need to win.

Complete the form and a representative will contact you to schedule a demo. The demo will provide an overview of our latest features and an inside look into our platform.

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Already a customer? Get in touch with the support team.

AI-Driven Legal Research and Tools - Bloomberg Law (2024)

FAQs

How is artificial intelligence used in legal practice in Bloomberg Law? ›

Bloomberg Law's Docket Key uses AI models to identify up to 20 key document types across all federal district court dockets so you can search for a precise filing type. You can also use our Docket Resolution system to quickly find the final outcome for closed federal district court dockets.

Is Bloomberg Law different from Bloomberg? ›

Bloomberg Law is a subscription-based service that uses data analytics and artificial intelligence for online legal research. The service, which Bloomberg L.P. introduced in 2009, provides legal content, proprietary company information and news information to attorneys, law students, and other legal professionals.

What is the term for the tool that is used on Bloomberg Law to validate primary sources? ›

The Bloomberg Law Citator, BCite, is a tool that can be used to validate whether a case is good law, as well as to research other cases on point.

What are the advantages of Bloomberg Law? ›

Bloomberg Law offers time-saving practitioner tools such as: State chart builders, analyzing thousands of topical issues across multiple jurisdictions. Legislative and regulatory trackers with alerting and filtering functionality, keeping you ahead of the latest changes affecting key practice areas.

Is Bloomberg Law any good? ›

Bloomberg Law News is a top reason users purchase and value a Bloomberg Law subscription according to our latest customer satisfaction survey.

How is AI being used to solve legal problems? ›

Law firms can use AI-powered due diligence solutions to speed up the process and make it more efficient. These tools with AI for an attorney find and retrieve documents needed for due diligence and can notice changes or issues in these documents.

How much does Bloomberg Law cost per month? ›

A Bloomberg Law subscription will set a solo practitioner back $475 per month. Beyond the standard federal and state cases and statutes, Bloomberg Law's content focuses primarily on business law.

Who reads Bloomberg Law? ›

Readership. Bloomberg Law subscribers include law firm attorneys, in-house counsel, compliance professionals, corporate executives, all federal courts, law schools, and other business, government, and legal professionals.

Why is Bloomberg so powerful? ›

The Bloomberg Terminal revolutionized an industry by bringing transparency to financial markets. More than four decades on, it remains at the cutting edge of innovation and information delivery — with fast access to news, data, unique insight and trading tools helping leading decision makers turn knowledge into action.

What is the API limit for Bloomberg? ›

The Daily API limit is 500,000 hits/per day and is reset at midnight.

What is the draft analyzer in Bloomberg law? ›

Draft Analyzer is Bloomberg Law's proprietary tool that uses machine learning to help lawyers compare provisions in their draft to similarly drafted paragraphs in the millions of exhibits filed in EDGAR.

How does Bloomberg Bpipe work? ›

Bloomberg Market Data Feed (B-PIPE)

Network connectivity with Bloomberg B-PIPE leverages AWS PrivateLink, exposing the services a set of local IP addresses within the customer's subnet and eliminating DNS issues. B-PIPE services are presented via network load-balancers to further simplify the architecture.

How reliable is the Bloomberg Law? ›

The company utilizes a comprehensive network of data, ideas, and analysis to navigate complex challenges daily. With a focus on accuracy and real-time delivery, Bloomberg provides crucial business and market data to help inform significant financial decisions.

Who uses the Bloomberg Law? ›

Who uses Bloomberg Law?
CompanyWebsiteRevenue
Panasonic Corppanasonic.com>1000M
Cornell Universitycornell.edu>1000M
University of California, Berkeleyberkeley.edu>1000M
Blackfriars Insurance Brokers Ltdblackfriarsgroup.com>1000M
1 more row

What are Bloomberg Law's points of law? ›

Bloomberg Law's® Points of Law (POL) tool identifies legal principles, standards, and elements in court opinions.

What is the use of AI in Bloomberg? ›

About Bloomberg AI:

With this technology, Bloomberg is developing new ways for financial professionals and business leaders to derive valuable intelligence and actionable insights from high-quality financial information and make more informed business decisions.

How can AI be used in the practice of law? ›

One of the most common ways AI is used in law is during the electronic discovery (e-Discovery) process. During e-Discovery, lawyers identify and organize electronically stored information (ESI) in response to a request for production in a lawsuit or investigation.

What does Bloomberg Intelligence do? ›

Bloomberg Intelligence (BI) research delivers an independent perspective, providing interactive data and research across industries and global markets, plus insights into company fundamentals.

How is AI used in BCI? ›

First, micro-electrodes detect signals from the human cerebral cortex and send them to the AI. Second, the AI takes charge of signal processing, which includes feature extraction and classification. Third, the processed signals are output to achieve the abovementioned functions.

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