Home Criminal Defense LexisNexis Expands Analytics Offerings To Finance

LexisNexis Expands Analytics Offerings To Finance


As a litigator, I by no means needed to scour via lots of of contracts to piece collectively the correct market language for clause 58(c)(6)(iii)(⏁), nevertheless it sounded horrible. Say what you’ll about attempting to divine which means from 10 years of simply distinguishable opinions, nevertheless it beats spending all night time doing that. On the opposite hand, transactional attorneys are far more marketable on the again finish so… perhaps it might’ve been value it.

Thankfully, there are a whole lot of instruments on the market now that make deal work much less an train in drudgery. We’ve talked earlier than about how all contract lifecycle products aren’t the same, so there’s nobody magic bullet to unravel all contract points, however there’s a mixture of instruments that may make a remarkably environment friendly deal course of.

And one other device on that market got here out right now with the announcement of LexisNexis Market Standards — Finance, a brand new resolution for “researching and comparing recent and relevant transactions, finding on-point precedent and clause language, and evaluating specific deal points for more thorough document drafting and more successful negotiations.”

For LexisNexis, it’s the logical extension of the work they’ve been doing the last few years. The business launched its M&A device again in October. Now the corporate’s intensive library of information and its analytics capabilities are being delivered to the finance area. In a number of weeks, the corporate guarantees to unveil an Employment resolution. The regular march of analytics continues.

The new providing boasts greater than 2,200 SEC-filed credit score agreements over $50 million and greater than 350 financial institution dedication letters filed since 2017. On that library — which is expanded with new offers each two weeks — Market Standards runs evaluation as much as 90 deal points inside credit score agreements and round 70 deal points inside dedication letters.

The simple to make use of filter system permits customers to restrict to offers based mostly on trade, goal, measurement, date, and extra. A consumer can filter it right down to offers involving the identical brokers or debtors to get a simple image of what’s been agreed to previously as well.

Per the corporate’s press launch, “Market Standards – Finance is included at no additional charge for Lexis and Lexis+ customers who subscribe to the Corporate or Finance modules within Practical Guidance.” That’s not a shock because the Lexis+ platform has been at the forefront of pushing data-driven practice. Folks can learn more about how to get access to the product here.

It’s one other thrilling announcement out of LexisNexis. Stay tuned in a number of weeks for the disclosing of the Employment product.

Earlier: LexisNexis Context Expands To AI Driven Attorney Insights
Just Calling A Product ‘Artificial Intelligence’ Isn’t Good Enough

HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any suggestions, questions, or feedback. Follow him on Twitter if you happen to’re excited about legislation, politics, and a wholesome dose of school sports activities information. Joe additionally serves as a Managing Director at RPN Executive Search.


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