This week we welcome Bobby Puglia, Chief Product Officer at Bloomberg Industry Group, to discuss Bloomberg Law’s latest generative AI-powered tools: Bloomberg Law Answers and Bloomberg Law AI Assistant. Bobby provides an insightful look into how these tools are designed to revolutionize legal research by making it faster, more intuitive, and seamlessly integrated into users’ workflows. The conversation begins with a discussion about the challenges of capturing the attention of legal professionals and the strategies that can bridge the gap between innovation and adoption.

Addressing “Tool Fatigue” and Driving Innovation Adoption

Bobby delves into the strategies behind overcoming “tool fatigue,” a common challenge in the legal industry. He highlights the importance of understanding specific user pain points and delivering targeted solutions. Marlene shares how peer advocates within law firms can champion the adoption of new tools, while Greg emphasizes the need for tailoring communication to align with the unique needs of different legal professionals. These insights reveal Bloomberg’s thoughtful approach to encouraging the adoption of its cutting-edge tools.

Inside Bloomberg Law Answers and AI Assistant

Bobby explains how Bloomberg Law Answers uses generative AI to provide concise, transparent answers directly in search results. With citations and detailed attributions, the tool seamlessly integrates into existing workflows. Meanwhile, the AI Assistant offers a groundbreaking way to interact with legal documents—allowing users to summarize, interrogate, and ask specific questions confined to the document’s “four corners.” These tools are designed to save time and enhance productivity for attorneys and legal researchers.

User-Centric Design and Quality Assurance

The discussion highlights Bloomberg’s user-focused development process, including its Innovation Studio, which uses pre-beta testing to refine tools based on user feedback. Bobby outlines how this iterative approach improves content sourcing, interface design, and overall functionality. Robust benchmarking, guardrails, and human-in-the-loop testing ensure that Bloomberg’s AI tools maintain the highest standards of accuracy and reliability.

The Future of AI in Legal Workflows

Looking ahead, Bobby shares his vision for generative AI’s role in reshaping the legal industry. He predicts a future of integrated, customizable workflows that reduce time spent on routine tasks, allowing legal professionals to focus on high-value work. The conversation also explores how Bloomberg plans to expand its AI Assistant to tackle broader research tasks, streamline navigation, and enable seamless integration with platforms like Microsoft.

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TRANSCRIPT

Continue Reading From Workflow to Innovation: Bloomberg Law Answers and AI Assistant with Bobby Puglia

In this episode of The Geek in Review podcast, hosts Marlene Gebauer and Greg Lambert sit down with Joe Breda, President of Bloomberg Law, and Mathew Rotenberg, CEO and co-founder of Dashboard Legal, to discuss Bloomberg’s recent acquisition of Dashboard Legal. The acquisition aims to expand Bloomberg’s reach within the legal workflow market and enhance its suite of tools for the legal industry.

Dashboard Legal, born from Rotenberg’s experience as a practicing attorney, focuses on streamlining project management and collaboration processes for lawyers. By integrating Dashboard Legal’s features with Bloomberg Law’s existing tools, such as AI-powered contract solutions, the combined platform seeks to provide a comprehensive legal workstation that addresses the pain points of managing the increasing complexity and volume of information in legal work.

The acquisition also presents an opportunity to leverage generative AI in a hyper-context-sensitive manner, allowing lawyers to access relevant information and perform tasks like document comparison and compliance checks within a secure, controlled environment. This approach aims to address law firms’ concerns about data privacy and control while still harnessing the power of AI.

Breda and Rotenberg emphasize the potential for the combined platform to serve not only large law firms but also small to mid-sized firms and in-house legal departments. The user-friendly interface and accessibility of Dashboard Legal, coupled with Bloomberg’s resources and credibility, make it an attractive solution for legal professionals across the board.

As the integration process begins, Rotenberg will join Bloomberg Law’s senior leadership team, working closely with Breda to expand the platform’s capabilities and deliver on the promise of an AI-enabled, content-rich legal workflow solution. The acquisition marks an exciting development in the legal technology landscape, with the potential to significantly improve the way lawyers work and collaborate.

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Email: geekinreviewpodcast@gmail.com
Music: ⁠⁠⁠⁠⁠⁠⁠Jerry David DeCicca⁠⁠⁠⁠ and Eve Searls

Transcript:

Continue Reading Bloomberg Law Acquires Dashboard Legal to Enhance Legal Workflow Solutions – Joe Breda and Mat Rotenberg

The talent at Columbia Law School apparently doesn’t limit itself to legal scholarship. The Law Revue put together a musical rendition of which online legal resource is the best “to cite… to cite.”

Whether it is the bribery of using Lexis, the snobbery of using Westlaw, or the lone man that uses Bloomberg, the Law

Monica Bay of Law Technology News is reporting this morning that Bloomberg Law is rebranding itself as Bloomberg BNA.  This acknowledges what those us in the legal industry have known for quite awhile:

  1. Bloomberg doesn’t have the same name recognition as a provider of legal information that BNA does
  2. BNA’s name is respected for the quality of their content,

One of the very first things you hear when you attend a Competitive Intelligence (CI) seminar is that CI is the ethical gathering of intelligence. The reason that ethics is stressed so highly when discussion CI, is that if your CI team is dabbling in unethical behavior (and that gets exposed), it reflects upon your whole organization