Tuesday, July 9, 2013

Bloomberg Law Securities Practice Center: Process Improvement Plus, Hold On to Your Seats--There is Something New in Edgar Research

When Bloomberg Law acquired BNA in September 2011, they promised to develop sophisticated practitioner pages. Today they are announcing the release of the The Securities Practice Center  which integrates laws and regulations; opinions and dockets; SEC and SRO materials; books, treatises, Bloomberg BNA Law Reports and Portfolios, plus a broad range of transactional resources, including the DealMaker Document Search with over 300,000 real transaction documents. The "gold plated" Bloomberg Business company information, news and data which can drive custom alerts  is also woven throughout the platform. It is clear that Bloomberg is also responding in part  to Thomson Reuters acquisition of PLC and the LexisNexis development of Practice Advisor as well as the sophisitcated No Action Letter research offerings from Intelligize.
 
Bloomberg Law Securities Practice Center
All In For Subscribers Maintaining their "no exclusions" policy, the Securities Law Practice Center  will be available to all Bloomberg Law subscribers at no additional cost.

Something New in EDGAR filings, No Kidding! I have to be honest, every time someone offers new EDGAR content I groan at the thought of yet one more option in an over saturated market. But Bloomberg Law had done something interesting!
 


Bloomberg Law's new EDGAR functionality includes market-based search filters, related document stock charts and side-by-side and redlined views of results produced in Item and Risk Factor searches, with the option to compare your own text with other filings.
 
This means you can read an EDGAR filing and look at what the stock was doing  before during and after disclosed events! I have worked with enough Securities Litigators to know that what used to be a complex research project can now be handled with one click! I can't think of any competitor offering this kind of contextual data integration.



EDGAR filing with related stock price data

 Partners Using BLaw for Business Development
 
Is is also notable in the press release reprinted  below includes a quote from a partner regarding how he uses Blaw for Business Development:
 
"My need for research information comes at two major points in time—when I am reaching out to new clients and when I am addressing the often complex securities issues they face," said Nicolas Morgan, DLA Piper Partner and West Coast Chair of the firm's Securities Enforcement Practice. "Bloomberg Law's smart, practical format allows me to find the securities information I need quickly and the alerts function helps me stay ahead of potential problems."
 
New Features Include:


  •  Distinct Securities Law Practice Pages. Dedicated categories for financial services, capital markets and securities litigation feature tailored access to relevant primary and secondary resources designed to streamline workflow and provide a competitive edge.
  • Enhanced EDGAR Search. Bloomberg Law's new EDGAR functionality includes market-based search filters, related document stock charts and side-by-side and redlined views of results produced in Item and Risk Factor searches, with the option to compare your own text with other filings.
  • Fielded No-Action Letter Search. Bloomberg Law’s new specialized No-Action Letter Search includes multiple fields that enable you to narrow your search, allowing for fast, efficient research of SEC guidance and interpretation and helping to ensure that relevant letters are at your fingertips.
  • "Go-To" Citation Search. Next-generation navigation provides quick access to securities laws and regulations, including major Acts, the Code of Federal Regulations, and SEC and CFTC materials–all in one place.
The Securities practice center goes live today (with the exception of the Edgar module which goes live on Thursday July 11th.) Previously released practice centers include Tax, Antitrust, Banking & Finance, Employee Benefits, Intellectual Property, Bankruptcy, Corporate/M&A, Health, and Labor & Employment. .

The Press Release:
__________________________________________________________________________________
Bloomberg Law Launches Enhanced Securities Practice Center

Advanced Tools, Features and Practice-Oriented Design Help Securities Lawyers Efficiently Integrate

Critical Content Into Their Workflow and Stay on Top of the Latest Developments

 

New York - Bloomberg Law, the legal and business intelligence research system from the world leader in data and information services, today launched a series of enhancements to its Securities Practice Center designed to provide practitioners with the next generation of tools, resources and analysis to best serve their clients.

 The Securities Practice Center seamlessly integrates laws and regulations; opinions and dockets; SEC and SRO materials; books, treatises, Bloomberg BNA Law Reports and Portfolios; and much more.  A broad range of transactional resources, including the DealMaker Document Search with over 300,000 real transaction documents, and the renowned Bloomberg company information and news, provide users with superior value. All Bloomberg Law users have access to the enhanced Securities Law Practice Center as part of their subscription.

"Bloomberg Law's Practice Centers integrate primary and secondary sources with advanced practice tools to provide a comprehensive resource unique to a particular practice area and the Securities Practice Center has long been a cornerstone," said Joe Breda, Bloomberg Law’s head of product. “We listened carefully to our clients as we built on that strength to add a new level of content, analysis and tools oriented around the way practitioners work."

"My need for research information comes at two major points in time—when I am reaching out to new clients and when I am addressing the often complex securities issues they face," said Nicolas Morgan, DLA Piper Partner and West Coast Chair of the firm's Securities Enforcement Practice. "Bloomberg Law's smart, practical format allows me to find the securities information I need quickly and the alerts function helps me stay ahead of potential problems." 
 
The Securities Practice Center allows users to take advantage of integrated resources across Bloomberg Law's award-winning legal research platform, including powerful new features:

·         Distinct Securities Law Practice Pages. Dedicated categories for financial services, capital markets and securities litigation feature tailored access to relevant primary and secondary resources designed to streamline workflow and provide a competitive edge.

·         Enhanced EDGAR Search.  Bloomberg Law's new EDGAR functionality includes market-based search filters, related document stock charts and side-by-side and redlined views of results produced in Item and Risk Factor searches, with the option to compare your own text with other filings.

·         Fielded No-Action Letter Search. Bloomberg Law’s new specialized No-Action Letter Search includes multiple fields that enable you to narrow your search, allowing for fast, efficient research of SEC guidance and interpretation and helping to ensure that relevant letters are at your fingertips.

·         "Go-To" Citation Search. Next-generation navigation provides quick access to securities laws and regulations, including major Acts, the Code of Federal Regulations, and SEC and CFTC materials–all in one place.

In addition, Bloomberg Law's Securities Practice Center makes it easy to search securities opinions and dockets, stay on top of the latest industry developments and provide clients with optimal solutions.  All users have unlimited access to EDGAR Search, the SEC No-Action Letter Search, example transactional documents and clauses, Bloomberg Law's deep library of regulatory materials and analysis, Bloomberg's acclaimed securities news coverage and company information, and trusted secondary sources, including Bloomberg BNA’s Alternative Investment Law Report® and White Collar Crime Report™, and an extensive selection of Practising Law Institute securities law treatises. 

 

Bloomberg Law developed its Practice Centers based on practitioners’ feedback of what is most important to their areas of specialty. Each Practice Center integrates in-depth legal analysis, commentary and news with time-saving tools and key primary sources to help give attorneys a comprehensive, nuanced understanding of the issues unique to their particular practice areas.  In addition to Securities, Bloomberg Law Practice Centers include Tax, Antitrust, Banking & Finance, Employee Benefits, Intellectual Property, Bankruptcy, Corporate/M&A, Health, and Labor & Employment.
 
About Bloomberg Law



 

Bloomberg Law is a legal and business intelligence, news and research system designed for leading legal professionals who are focused on delivering superior client service. By integrating Bloomberg’s renowned news, company and financial data with primary and secondary legal research and business development tools, Bloomberg Law delivers an advantage to legal professionals who handle the most complex legal matters. Presented in a sophisticated yet easy-to-use interface, Bloomberg Law allows subscribers unlimited desktop and mobile access to the information in the system–as often as they want and whenever they want. For more information, visit BloombergLaw.com.

About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength–delivering data, news and analytics through innovative technology, quickly and accurately–is at the core of the Bloomberg Professional service, which provides real time financial information to more than 315,000 subscribers globally. Headquartered in New York, Bloomberg employs more than 15,000 people in 192 locations around the world.

 

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