We're trying to gather more details, (such as "did Jones Day drop Westlaw or Lexis to bring in Bloomberg?") but I thought this was big enough to push out to let everyone know the news.
Those that I've talked to find it interesting that there is no quote from Jones Day representatives in this press release. In looking at some of the job descriptions from previous Jones Day positions, they do ask that applicants be proficient in both Lexis and Westlaw research, so they do appear to have both services at the time of bringing in Bloomberg. It would be unusual for a firm (even one as big as Jones Day) to keep three legal research tools on the budget, so we'll have to see if they end up dropping one of the current resources. It will be interesting to find out more information about what prompted them to bring in Bloomberg and if more mega firms are to follow.
JONES DAY SELECTS BLOOMBERG LAW FOR LEGAL RESEARCH
Seamless Combination of Legal Research and Business Information, Unlimited Access and Transparent Pricing Provide Value to Modern Legal Practice
New York — Bloomberg Law, the legal research system from the world leader in data, information and news services, today announced a firm-wide agreement with Jones Day, the global law firm, to provide high quality legal research, news and market information. Jones Day is ranked among the world's most respected law firms and perennially rated among the best in client service. The firm represents approximately half of the Fortune Global 500.
Jones Day's firm-wide adoption of Bloomberg Law will provide the firm's approximately 1,800 U.S.-based lawyers with unlimited desktop and mobile access to any of the information in the Bloomberg Law system - from Bloomberg BNA’s legal coverage to Bloomberg’s proprietary news to dockets to primary legal research - as often as they want and whenever they want. Bloomberg Law integrates legal research with the Bloomberg industry and financial information relied upon by corporations and investment institutions throughout the world to provide lawyers with a competitive edge in understanding their clients' businesses. Jones Day, which has more U.S. lawyers than any other firm, joins the growing roster of law firms that are using Bloomberg Law to meet their firm-wide legal research requirements.
"We are delighted that Jones Day, one of the largest and most respected law firms in the world, has chosen Bloomberg Law to meet its legal research needs," said Larry Thompson, CEO of Bloomberg Law. "Bloomberg Law has modernized the legal research industry with a truly integrated platform that, combined with our transparent and predictable pricing, provides law firms with the resources to conduct comprehensive research while managing costs."
About Bloomberg Law
Bloomberg Law is the real-time legal research system that integrates innovative search technology, comprehensive legal content, company and market information, and proprietary news all in one place. This collaborative workspace also includes a suite of new tools for more effective legal analysis and more productive client development. For more information, visit BloombergLaw.com.
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength - delivering data, news and analytics through innovative technology, quickly and accurately - is at the core of the Bloomberg Professional service, which provides real time financial information to more than 310,000 subscribers globally. Bloomberg’s enterprise solutions build on the company’s core strength, leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. Through Bloomberg Law, Bloomberg Government, Bloomberg New Energy Finance and Bloomberg BNA, the company provides data, news and analytics to decision makers in industries beyond finance. And Bloomberg News, delivered through the Bloomberg Professional service, television, radio, mobile, the Internet and two magazines, Bloomberg Businessweek and Bloomberg Markets, covers the world with more than 2,300 news and multimedia professionals at 146 bureaus in 72 countries. Headquartered in New York, Bloomberg employs more than 15,000 people in 192 locations around the world.