Bloomberg BNA Launches Bloomberg Law: Corporate Transactions, a Groundbreaking, Disruptive New Product for Transactional Lawyers

Global News

20
May
2015

Editor

Research and Drafting Technology Identifies and Defines “Market Standard” Deal Terms

Bloomberg BNA today announced the launch of Bloomberg Law: Corporate Transactions, a revolutionary new web-based product that includes a patented technology-driven drafting workflow tool, analytics powered by Bloomberg’s proprietary financial databases, the industry’s most trusted set of news publications, and a deep set of primary resources, secondary materials and practical guidance.  

This new offering instantly allows corporate lawyers to know what deal terms are “market standard.” 

Putting “big data” to practical use, Bloomberg Law: Corporate Transactions searches over one million documents, comparing agreements and clauses to yield “market standard” language.  Just as searchable databases of case law revolutionized the way litigators approached their work 30 years ago, Bloomberg Law: Corporate Transactions is set to dramatically change the workflow for transactional lawyers.

“For decades, corporate lawyers have been drafting and negotiating deal terms in relative darkness,” said David Perla, President of Bloomberg Law and Bloomberg BNA’s Legal Division. “Without clear knowledge of ‘market standards,’ protracted negotiations have become the norm; inefficient client service and less-than-optimal agreements, the result.  With Bloomberg Law: Corporate Transactions, lawyers can instantly access the language that is most current, quickly putting an end to any sort of boardroom blustering.  This addition to Bloomberg Law levels the playing field for all law firms, while allowing lawyers and their clients to close deals more efficiently.”

Bloomberg Law: Corporate Transactions features first-of-its-kind technology with a clean interface and intuitive workflow.  Consistent with its overall commitment to providing ongoing enhancements to its clients, Bloomberg BNA is offering Bloomberg Law: Corporate Transactions to its current Bloomberg Law customers at no cost. 

“We’ve developed an all-in-one solution that allows transactional lawyers to quickly draft, negotiate, and finalize a wide variety of agreements,” said Carl Sussman, Commercial Product Director for Bloomberg Law. “The product’s real power is the way it synthesizes over a million documents and returns results that are easily incorporated into a deal document.  This is what leveraging big data is all about and where we clearly differentiate ourselves from the competition.”

“This will raise market intelligence to a new level, and make it available to everyone on an equal basis,” said Mitchell Presser, head of the U.S. M&A practice at Freshfields Bruckhaus Deringer.  “The technology will also drive a lot of efficiency in the negotiating process.” 

Bloomberg Law: Corporate Transactions features a powerful array of tools, including:

• Patented Technology - Draft Analyzer: a one-of-a-kind analytic technology that helps transactional attorneys instantly find precedents, streamline drafting, and better protect clients.  Practitioners can use language from Bloomberg BNA’s extensive collection of transactional precedents or input their own language, and, with a single click, compare it paragraph-by-paragraph to market-tested standards derived from over a million other agreements. 
• Bloomberg Data & Tools - Deal Analytics: this workflow tool, which provides best-in-class deal and financial data from Bloomberg, enables attorneys to search through nearly half-a-million public and private M&A deals, and filter by deal points including deal size, industry, advisors, advisory fees, and termination fees.  With access to this robust Bloomberg data, attorneys can get a more comprehensive picture of their market.  
• Practical Guidance - In Practice: this repository offers step-by-step guidance to help attorneys through the transaction process with checklists, timelines, sample forms, documents and clauses.
• Bloomberg Law - Corporate Transactions is the latest in an ongoing array of additions to Bloomberg Law.  Bloomberg Law is an all-in-one technology platform that helps law firms grow their top line revenue, provide world-class counsel by getting the right answer fast and efficiently, and maintain and increase their profitability.  This is done through a combination of proprietary market data, trusted content and legal analysis, and innovative technology - together enabling and accelerating client growth, client excellence and client profitability.

For existing Bloomberg Law subscribers, this product can be accessed free-of-charge with their subscription.