Tuesday, April 12, 2016

LexisAdvance Adds Predictive Analytics With Legislative Outlook, Adds News Archive and New Features

Last month LexisNexis  announced a new release of Lexis Advance which offered customers enhanced news services and legislative insights. Legislative Outlook offers predictive analytics and data visualization for proposed legislation.  Legislative Outlook will be available  at no charge to subscribers through November 30, 2016, except where a gratis subscription is precluded by law (e.g. Federal Government). 
Jeff Pfeifer Vice President of Product Management for North American  described Lexis Advance as  "offering lawyers powerful analytics solutions to deliver insights behind the raw data.”
Legislative Outlook Gauge – appears with the text of a bill and bill tracking documents.  A special Lexis  algorithm analyzes historic and current legislative patterns, key probability indicators ( e.g. who is the sponsor)  in order to forecast probable outcome. The algorithms assessment is displayed using an icon which looks like a an automobile gas gauge signaling the likelihood of passage.
Legislative Outlook
Legislative Progress Bar provides a visual representation of the status of a bill.
The Legislative Outlook in Detail document analyzes each phase of the legislative process and provides a detailed overview of the bill including political details, sponsor detail and forecast factors.
 News Enhancements in Lexis Advance – LexisNexis which has always boasted a superb news offering  has finally migrated this deep archive to Lexis Advance. The collection includes news sources dating back 60 years to the 196p’s. Lexis has been building an archive of exclusive content from premier news outlets and specialty legal and business publishers through a series of alliance and acquisitions. Exclusive sources include The Washington Post, The New York Times, Wall Street Journal and the American lawyer Media publications. One of my favorite new features is an obscure source called the Wenn Archive which includes photographs dating back to the 1960’s.
 Additional Developments include:
                Explore Content feature is a bridge between Lexis.com and Lexis Advance
                Back of the Book Indices from their Matthew Bender treatises.
                Document Segments –  users can speed research and narrow results by using over 60  new document segments.

                Lexis Practice Advisor: Forms Index – allows users to locate forms by practice and form type and key work. There is also an alphabetical index of all forms.
                Lexis Advance Mobile App  has been updated and includes the full news archive. IPad users have more delivery options
 One Search Does Not Fit All – Search has come a long way  in the past 50 years. Early Lexis required a researcher to execute a series of specific "commands" to perform every action and search required Boolean operators used in a specific syntax. I am grateful that those days are gone, but the rush to develop the perfect search engine has often ignored the power of facts and descriptors.

 There are some who believe that one algorithm is good enough for all research across all types of content. I am in the opposing camp. I am in the hybrid camp. I want strong algorithm that can be fine-tuned with the use of segments  and facets.  All of the major legal research providers offer “natural language” algorithms. Thomson Reuters  Westlaw Next, BloombergBNA and Wolters Kluwer Cheetah all rely primarily on algorithms to meet the demands of  “google generation”  users. Yet they all supplement their algorithms by allowing "power searchers" to custom focus their search using fields, descriptors and facets of various kinds. I applaud Lexis  for taking bulking up their segments with 60 new facets to support the sophisticated research needs of information professionals.

No comments:

Post a Comment