LexisNexis delivers new destination for transactional attorneys with launch of Transactional Advisor through lexis.com
Comprehensive online center brings together legal content, research tools, information, analysis matched to the way transactional attorneys work April 9, 2008 — New York, NY, April 9, 2008 - LexisNexis, a leading global provider of information and services solutions, today announced the launch of LexisNexis® Transactional Advisor, a service that brings together relevant legal content and specific capabilities transactional attorneys require and aligns them to match their daily workflow. The new offering, available through lexis.com®, helps attorneys serve their clients more effectively in four distinct ways: anticipate emerging matters that will affect their clients with expert commentary written by leaders in their fields; analyze legal issues with comprehensive analysis from Matthew Bender® publications; advise clients on risks and conduct due diligence; and act on behalf of their clients with the aid of legal forms that can be downloaded and quickly completed by transactional attorneys. • Track emerging issues Attorneys using Transactional Advisor can link to a breadth of content from LexisNexis tailored for areas of practice – such as commercial, corporate, insurance, merger and acquisition, patent, real estate, securities and tax – as it relates to their transactional work. For example, by clicking on the link for the Real Estate practice center within Transactional Advisor, attorneys can read breaking news coverage on issues such as the sub-prime lending crisis, climate change and “green” building, access new multi-jurisdictional surveys on various legislative matters, review expert analysis from Powell on Real Property®, and download appropriate legal forms for each stage of a real property transaction.
According to industry estimates, transaction law represents approximately 24% of total U.S. law firm revenues, or an estimated $48 billion annually. Additionally, 54% of all attorneys indicated they had some sort of transactional component to their law practice. Considering the size of this market, LexisNexis developed Transactional Advisor to address common challenges transactional attorneys face – namely, the need to search through multiple sources of information on the Web or elsewhere in order to find information or analysis associated with the typical tasks they need to perform.
“Given the importance of transaction law to the legal community, we created Transactional Advisor to meet the need for a dedicated resource to analyze strategies, perform due diligence, stay on top of compliance issues, draft documents, and more—all from a single online destination,” said Allan McLaughlin, senior vice president of research, litigation and business information solutions for LexisNexis. “Aligned to the way transactional attorneys work, this solution is a great example of the larger LexisNexis commitment to deliver a complete set of Total Practice Solutions for our clients in the law firm and corporate markets.”
Aligned with Attorney Workflow
Information and resources at Transactional Advisor are grouped and accessed along each stage of the transactional workflow, including:
• Draft documents
• Find facts and evaluate risks
• Check compliance and disclosure requirements
• Conduct research and access expert analysis
The new center also features interactive and customizable analytical reports, emerging issues commentary and “fillable” forms that can be downloaded and quickly completed.
Pricing to access content from Transactional Advisor varies depending on the law firm’s existing LexisNexis subscription agreement. For more information, please go to www.lexisnexis.com/transact/.
About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leading global provider of business information solutions to a wide range of professionals in the legal, risk management, corporate, government, law enforcement, accounting and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in more than 100 countries