Deal analytics: LexisNexis launches Market Standards

LexisNexis has launched new Market Standards in practical guidance, which aggregates and visualises the data from publicly filed transactions to date, to enable attorneys to make more educated decisions on future deals.

Market Standards enables attorneys to search and compare transactions using detailed deal points, precedent language, fees, and transactional trends. At its official launch today (5 October), the new guidance starts with coverage of M&A deals.

It covers over 33,000 deals from the last ten years and allows lawyers to compare transactions using deal data like termination fee triggers, carveouts from control of litigation in third party claims, and knowledge qualifiers in 10b-5 representations.

“Understanding current standards and trends for M&A deal points and easily accessing highly relevant language gives attorneys an edge when drafting and negotiating. Market Standards is a uniquely powerful tool for M&A attorneys,” says Sean Fitzpatrick, CEO, LexisNexis North America. “Market Standards provides the detail and analytics that M&A attorneys and research professionals need to make the most informed decisions.”

“We believe the future of practical guidance is data-driven. We’ve started with M&A and will be expanding Market Standards to other practice areas in the coming months,” says Daniel Lewis, Vice President of Practical Guidance. “We’ll also be launching a number of new, exclusive features that advance data-driven practical guidance.”

LexisNexis is a leader in data driven litigation analytics, having acquired industry leader Lex Machina in 2015. It is estimated to hold around three petabytes of data and more than 65bn documents, 150 times the size of Wikipedia and doubling every three years.

A recent study by LexisNexis and ALM Intelligence found that 90% of survey respondents agree that legal analytics make them a better practitioner.

You can find more info on Market Standards here: