LexisNexis Launches Lexis Analytics
Posted: 13 July 2018 | Source: LexisNexis
LexisNexis® Legal & Professional today announced the launch of Lexis Analytics, a comprehensive suite of analytics tools that leverages advanced technology, vast stores of legal content and expert curation to give lawyers a decisive competitive advantage in the business and practice of law.
The suite consists of new and enhanced products fueled by smart content from Lexis Advance and the strategic acquisitions of Lex Machina, Intelligize and Ravel Law, and integrates the most powerful technologies in the legal space, including machine learning, artificial intelligence (A.I.) and visualization tools. The result is an unrivaled analytics suite that streamlines data-driven workflows and brings unprecedented efficiency, productivity and insight to the practice of law.
“By combining cutting-edge analytics products into a unified suite, LexisNexis demonstrates its leadership in the legal analytics space. Lexis Analytics will create more value from shared insights, helping attorneys to get a better handle on data and become data-driven lawyers,” said Steven Geiszler, U.S. Chief Intellectual Property Litigation Counsel at Huawei. “Not all lawyers have the technology training or experience to know which tools to leverage in their day-to-day practice, so the more LexisNexis can integrate these offerings and demonstrate their impact, the greater the value Lexis Analytics will bring to attorneys.”
Products within the Lexis Analytics suite are organized in three categories – litigation, regulatory and transactional analytics – that mirror how attorneys categorize their own job functions. Within each category, LexisNexis has compiled world-class analytics tools that deliver greater knowledge and insights, improve compliance and service delivery, and decrease risk.
- Litigation analytics: Enables attorneys to craft winning legal strategies based on quantitative insights and anticipated behaviors and outcomes, and deliver more impactful, persuasive arguments. Analytics products under the litigation umbrella include Lex Machina and a new offering, Context, which identifies the language judges cite most in opinions.
- Regulatory analytics: Allows attorneys to better manage compliance helping them track regulatory developments, predict which laws will pass and understand what to disclose and how to disclose it. Regulatory offerings within Lexis Analytics include Lexis Advance Legislative Outlook and Intelligize.
- Transactional analytics: Empowers attorneys with the latest precedents and clauses to manage transactions more efficiently and effectively. The tools analyze, compare and benchmark the frequency and content of other industry disclosures to help strengthen negotiations and build better deals. Transactional analytics offerings include Intelligize and a new offering, Lexis Search Advantage | Transactional Powered By Intelligize™, which applies contract analytics to in-house and firm document collections.
“Our vision – embodied in our recent strategic acquisitions, our infusion of true A.I. into Lexis Advance and today’s launch of Lexis Analytics – is to put the power of data-driven law in our customers’ hands,” said Jeff Pfeifer, vice president, product management, LexisNexis. “Lexis Analytics is a suite of decision tools that brings together content from Lexis Advance with advanced data analytics to answer the key legal questions that were once thought to be unknowable.”
LexisNexis Launches New Litigation Language Analytics and Transactional Capabilities
In addition to industry-leading analytics solutions, such as Lex Machina, Intelligize and Lexis Legislative Outlook, LexisNexis has added two new products to Lexis Analytics: Context and Lexis Search Advantage | Transactional Powered By Intelligize.
Context is a unique, language-based solution engineered from the combination of Ravel Analytics, Lexis Advance and the former Lexis Litigation Profile Suite. Context extracts persuasive language from court opinions, challenges and motions to help attorneys best present and argue their case. Advanced machine learning and A.I. technologies analyze case law to identify the language a judge cites the most. The result: Attorneys are able to argue more persuasively by using the language a judge wants to hear. Combined with complementary Lex Machina litigation analytics and the research capabilities of Lexis Advance, Context helps litigators ensure success throughout the litigation process.
Lexis Search Advantage | Transactional Powered By Intelligize™ empowers attorneys to produce more accurate, consistent and high-value documents in less time. Rebuilt from the ground up using contract and agreement language analytics from Intelligize, the solution enhances law firm transactional work product and internal document collections. The same powerful analytics and data enrichment offered on U.S. Securities and Exchange Commission content by Intelligize can now be applied to in-house and law firm document collections. This allows lawyers to mine internal documents and agreements while simultaneously searching precedent agreements filed with the SEC.
“Lexis Analytics powers the discovery, interpretation, and communication of valuable data-driven insights to lawyers by integrating the cutting-edge analytics technologies with a vast, industry-leading repository curated by legal experts,” said Josh Becker, CEO of Lex Machina, a LexisNexis company. “Each product within the suite has been enhanced, re-engineered or purpose-built to deliver actionable intelligence that help attorneys win new business, win cases and do their jobs more effectively. When combined with other products within the suite, Lexis Analytics has the potential not only to reshape the way attorneys think, work and practice law, but also to profoundly change the profession in ways we’ve not seen since LexisNexis created online research.”
Attendees of the American Association of Law Libraries Annual Meeting, July 14-17 in Baltimore, MD, will have an opportunity to review firsthand the Lexis Analytics Suite.