When did Bloomberg Law arrive on the legal research scene?
Bloomberg Law arrived on the legal research scene in late 2009 under a pilot program. The service was formally launched as a direct competitor to established giants in 2010.
Questions about Bloomberg Law
Short answers, pulled from the story.
What services dominated the market before Bloomberg Law launched?
Prior to this moment, two services dominated the market: LexisNexis and Westlaw. These entities made up the core customers for Bloomberg L.P.'s eponymous terminals.
How much did Bloomberg L.P. pay to purchase Bureau of National Affairs?
In August 2011, Bloomberg L.P. purchased Bureau of National Affairs for $990 million. This acquisition allowed the firm to integrate legal materials from BNA into the Bloomberg Law library.
Who became chief executive officer of Bloomberg Law in September 2012?
Greg McCaffery took over as chief executive officer of Bloomberg Law in September 2012. McCaffery had previously served as CEO and president of Bloomberg BNA.
What new capabilities did Bloomberg Law expand between 2014 and 2015?
Between 2014 and 2015, Bloomberg Law expanded its capabilities significantly by debuting State Chart Builders that allow comparison of relevant laws from different jurisdictions. Smart Code technology emerged using machine learning to create virtual annotated codes during this period.