Product: Lexis Practice Advisor series: Mergers & Acquisitions module.
Manufacturer: LexisNexis Legal and Professional, New York.
Description: The new LPA module, like existing modules (e.g., Business & Commercial, Financial Restructuring & Bankruptcy, California, Corporate Counsel, and Securities & Capital Markets), helps practice groups complete transactions faster and more efficiently. It offers practical guidance and content from LexisNexis experts and legal editors, to help users execute transactions. All LPA modules use the new Lexis Advance research platform that provides research history, alerts, work folders, and interactive forms. The goal of the M&A module is to speed the document editing process to quickly complete a deal.
The M&A module also debuts Market Tracker, powered by Matterhorn. It helps users locate and compare transactions across approximately 1,000 deals and more than 900 deal points, such as consideration type, target industry, and deal amount. The comparison tool views search results in the a Microsoft Excel-like web page with analytical features to compile and recompile lists and filter views. See Figure 1.
Figure 1 shows a comparison of two cash-based technology acquistions in the Market Tracker, a tool in the Lexis Practice Advisor, Mergers & Acquisitions module. Click image to enlarge.
You can expect Market Tracker to compete with other market tracking tools for transactional lawyers, such as Exemplify and the Practical Law Company's What's Market tool (now owned by rival Thomson Reuters). With Market Tracker, you can apply granular filters to search results and hone in on deals by target and acquiring company, and negotiated terms, and find market-tested deal documents to use for a current client or project. Once you find relevant deals, you can compare and analyze them online or download them to your computer.
The new module covers key transactions in M&A practice groups, such as public company M&A, private asset acquisitions, private stock acquisitions, and private mergers. It provides information on representing core functions of M&A attorneys, structuring deals, negotiating agreements, conducting due diligence, and drafting and negotiating purchase or merger agreements.
Target market: Law firm merger and acquisition practice groups.
Price: The Mergers & Acquistion practice module is available for $140 per person per month.
Methodology: The product of the week is chosen by Law Technology News' editors from products or services that have been launched or upgraded within the last four weeks. To be eligible, the product or service must be of use to law firms, law departments, or other legal organizations to support the practice or business of law. The product must be available on or before the publication date. Press releases may be submitted to lawtech@alm.com.
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