Bloomberg Law disrupts legal information market with discounts

Bloomberg Law is seeking entry into the market for legal information with a range of discounts intended to disrupt the duopoly of LexisNexis and Westlaw. Bloomberg’s legal service is part of a plan to move beyond its core business as a provider of financial data - a business plan that has seen it buy Business Week magazine and enter the Washington regulatory and legislative information market with Bloomberg Government. Lou Andreozzi, a former LexisNexis executive appointed last month to chair Bloomberg Law, said that he expected many law firms and corporate lawyers to prefer its flat monthly fee of $450 per attorney to the more “expensive and unpredictable” fees of rival systems, which are calculated according to usage. Andreozzi has said that there will be further discounting “to get people acclimatised to the system,” but that pricing would not be “wildly different” from the current rate.

Bloomberg Law disrupts legal information market with discounts ft.com Mon, Nov 29, 2010