ARLINGTON, Va., May 7, 2024
/PRNewswire/ -- Bloomberg Law today
announced that its AI-powered tools and features were named a 2024
SIIA CODiE Award Finalist in the Best AI Driven Technology Solution
category. CODiE Finalists represent the best products, services and
people in the Education and Business Technology Industries.
For more than a decade, Bloomberg
Law has employed a variety of machine learning and
artificial intelligence approaches to improve the performance of
core legal tasks. Bloomberg Law's AI
product development has been thoughtful and incremental, employing
user-tested, proprietary technology to help ease the transition to
new product functionality in one unified platform.
Bloomberg Law's AI-powered
time-saving features include:
- Smart Code℠ (introduced in 2012): pulls case extracts
interpreting a federal or state code section and ranks each case
discussion as strong, moderate, or weak.
- Litigation Analytics (2016): organizes millions of data
points into meaningful patterns to inform litigation strategy for
judges, attorneys, law firms, courts and companies.
- Points of Law (2017): analyzes more than 15 million
court opinions to identify legal standards and how courts have
applied those standards.
- Docket Key® (2019): expedites access to sample forms
such as briefs and motions that have been successful before a
particular judge, with a recent enhancement in 2023 to find motions
and briefs with greater precision.
- Brief Analyzer (2020): checks the accuracy and currency
of cited sources and recommends additional content for
consideration to strengthen a brief.
- Draft Analyzer (2021): benchmarks an agreement's draft
language against the market standard.
- Docket Resolution (2020): assigns each case one of seven
categories of outcomes, including detecting a settlement, to
quickly help users obtain the ultimate outcome for closed federal
district court cases.
- Docket Path℠ (2023): predicts the potential outcome of
open, current federal court dockets in the context of historical
trends in closed dockets.
- Representation Analytics (2023): provides users a simple
tool to quickly pull corporate and industry representation across
federal and state courts.
The SIIA CODiE Awards, the long-running, premier awards program
for the software and information industries are produced by the
Software & Information Industry Association (SIIA), the
principal trade association for the software, education, media, and
digital content industries. Bloomberg
Law's AI tools were selected as a finalist across dozens of
Business Technology and Education Technology categories, among
hundreds of nominations.
"We're gratified that Bloomberg
Law's cutting-edge machine learning and artificial
intelligence tools have been recognized among the best AI driven
technology solutions, recognizing our long-standing commitment to
an intelligent approach to legal AI," said Joe Breda, president, Bloomberg Law. "Since introducing our first
AI-powered solution in 2012, we have focused on balancing the
nuances and challenges of AI with our commitment to empowering
attorneys with cutting-edge tools that enable them to deliver
unparalleled service to their clients."
For more information about Bloomberg
Law, please visit https://aboutblaw.com/bdP5.
About Bloomberg
Law
Bloomberg Law
combines the latest in legal technology with workflow tools,
comprehensive primary and secondary sources, trusted news, expert
analysis, and business intelligence. For more than a decade,
Bloomberg Law has been a trailblazer
in its application of AI and machine learning. Bloomberg Law's deep expertise and commitment to
innovation provide a competitive edge to help improve attorney
productivity and efficiency. For more information,
visit Bloomberg Law.
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SOURCE Bloomberg Law