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Kurent Adds Trust Accounting, Billing Productivity Tools, and User Roles

By Neil J. Squillante | Wednesday, December 12, 2018

Today's TL NewsWire Hot Product is cloud billing software for solos and small firms with new trust accounting and other billing productivity tools (see article below). In addition, you'll find links to many previous TL NewsWire Hot Products, including knowledge management software that enables you to mine your firm's own work product and the SEC's EDGAR database for model clauses and precedents using classification technology pioneered by Intelligize. Don't miss the next issue of TL NewsWire.

When you succeed in business for 40 years, you gain valuable insights into what solos and small firms actually need. When creating a new cloud legal billing product, this means you can carefully add valuable features such as trust accounting, and avoid unnecessary clutter to maximize ease of use.

Kurent in One Sentence

Tabs3 Software's Kurent is cloud legal billing software for small firms that now includes trust (IOLTA) accounting as well as many new productivity features.

The Killer Feature

The Trust dashboard in Kurent houses the new trust accounting tools but you can access much of this functionality in other areas of the software. For example, from within a matter you can create a trust account, set minimum and target balances, send a trust request (these can be automated), pay bills from the trust account, and more.

Creating a trust request generates an invoice that you can email, print, or download as a PDF. LawPay integration enables clients to fund their trust accounts via credit card. To save time, you can batch send trust requests using criteria of your choosing such as all matters below the minimum balance. The Bank Activity and Trust Ledger reports enable you to monitor trust accounts.

"With 40 years of experience making Tabs3 Software, we have learned that most solos and small firms want an easy way to manage their billing," says Tabs3 Software President and CEO Dan Berlin. "Without elaborate practice management features to get in the way, billing in Kurent takes minutes, allowing firms to focus on their clients, not their billing software."

Other Notable Features

Given the new trust accounting features, Kurent lets you know about trust balances when approving invoices. This is just one of many new features Tabs3 Software has added to the invoicing system. Chief among these is the ability to combine invoices, which gives clients a complete picture of all their activity for multiple matters.

Just as you can batch send trust requests, you can also batch send invoices for legal work, including reminders for unpaid invoices (you can also automate reminders). With Quick Add, you can add a new client and matter on the fly when entering a fee or cost. Your invoices will be on brand thanks to a choice of invoice templates and a myriad of customization settings.

"I have used Timeslips for many, many years," says Doss Law General Manager Dennis H. Doss. "Kurent makes entering time a breeze, posting payments simple, and billing much easier. In my opinion, Kurent is a winner."

Kurent has added many new functions designed for the way many lawyers work. For example, you can add notes to matters and convert them into billable entries, create text shortcuts to speed up data entry, apply User Roles to limit access with a high degree of granularity, and create Quick View widgets that display data (e.g., matters with unbilled activity) and provide a menu of options for taking action. New reports provide deeper insight on user productivity and historical transaction activity.

What Else Should You Know?

Kurent now integrates with QuickBooks Online, including contacts, matters, payments, and refunds. You can migrate existing contacts, matters, accounts receivable, and unbilled fees to Kurent during setup. Kurent costs $26 per user per month with an annual commitment ($29 month to month), including unlimited support. Explore Kurent in more detail and bookmark the website.

About TL NewsWire
So many products, so little time. Each week, TL NewsWire reports on the hottest new products for lawyers and law office administrators. The innovative structure of TL NewsWire articles enable you to quickly understand each product's value proposition, and then zero in on its killer feature and other notable attributes. In each issue, you can easily revisit our back catalog of articles and the most recent TL NewsWire Top 25 Products Awards. Subscribe to TL NewsWire.

Topics: Accounting/Billing/Time Capture | TL NewsWire

Lexis Search Advantage | Transactional Powered by Intelligize Offers Roundtrip Searches of Your Firm's Work Product and the SEC

By Neil J. Squillante | Wednesday, December 5, 2018

Read our latest coverage of Search Advantage here

.

Today's TL NewsWire Hot Product is knowledge management software that enables you to mine your firm's own work product and the SEC's EDGAR database for model clauses and precedents using classification technology pioneered by Intelligize (see article below). In addition, you'll find links to many previous TL NewsWire Hot Products, including a popular document assembly product rewritten with more accessible authoring tools embedded in Microsoft Word and a modern browser-based experience for end users. Don't miss the next issue of TL NewsWire.

When a law firm grows to a certain size, you become unaware of most of the work product being produced in your own practice group. Over the years, you can even forget about your own work product. Accordingly, being able to find and reuse past work product has become an essential productivity tool in corporate practice.

Lexis Search Advantage | Transactional Powered by Intelligize in One Sentence

Lexis Search Advantage | Transactional Powered by Intelligize (Lexis Search Advantage | Transactional), which integrates with your firm's document management system to better classify your firm's work product, incorporates the search technology of Intelligize for more precise and expansive search results.

The Killer Feature

Intelligize revolutionized SEC EDGAR searches — so much so that LexisNexis acquired the company in 2016. As a result, Lexis Search Advantage | Transactional is built on Intelligize, enabling you to search both your firm's work product and EDGAR using a similar interface.

The Intelligize integration brings more than 300 classifications to your firm's documents with a 90% confidence level. For example, document types include Articles of Merger, Asset Purchase Agreement, Stock Purchase Agreement, Underwriting Agreement, etc.

Not all helpful work product resides within your firm. With one click, you can transfer your Lexis Search Advantage search to Intelligize to find similar documents among all SEC filings. Another click takes you back to Lexis Search Advantage | Transactional.

"Lexis Search Advantage | Transactional Powered by Intelligize is one example of how we put the power of data-driven law in our customers' hands," says Jeff Pfeifer, Vice President of Product Management, LexisNexis. "This new tool in the Lexis Analytics suite sits behind a firm's firewall and helps attorneys mine enriched internal documents while searching precedent agreements filed with the SEC to deliver better client value."

Other Notable Features

Lexis Search Advantage | Transactional has a two-paned interface with your search criteria on the left and the search results on the right. In addition to entering keywords, you can also choose from several filters, including the new Intelligize document types noted above as well as specific deal points (e.g., gold in the backyard and sandbagging in merger agreements). Other search filters include document title, clause title, parties involved, attorneys, firms, companies, governing law, jurisdictions, and date range. Your firm can customize these search fields when you implement Lexis Search Advantage| Transactional.

The new tabbed interface for search results enables you to toggle back and forth among searches. Icons next to each item in the search results indicate document format (Word, PDF, etc.). A new "tags" feature draws your attention to a document's significant attributes. A designated team at your firm can define all the "public tags" for consistency. You can supplement these with your own personal tags (called "My Tags") that only you can see. You can use both types of tags to narrow your search results.

Each document that your searches reveal contains a rich set of metadata for quick exploration, including definitions, reps and warranties, covenants, conditions, and remedies and indemnification. Click a covenant such as "gold in the backyard" for example and Lexis Search Advantage | Transactional displays that provision in a snippet. You can export multiple snippets and compare them side by side in an Excel document.

What Else Should You Know?

Lexis Search Advantage | Transactional integrates with popular document management systems such as NetDocuments, iManage, and eDOCS. All security settings in your document management system, including ethical walls, are inherited by Lexis Search Advantage | Transactional. Explore Lexis Search Advantage | Transactional Powered by Intelligize and bookmark the website.

About TL NewsWire
So many products, so little time. Each week, TL NewsWire reports on the hottest new products for lawyers and law office administrators. The innovative structure of TL NewsWire articles enable you to quickly understand each product's value proposition, and then zero in on its killer feature and other notable attributes. In each issue, you can easily revisit our back catalog of articles and the most recent TL NewsWire Top 25 Products Awards. Subscribe to TL NewsWire.

Topics: Collaboration/Knowledge Management | Document Management | Legal Research | TL NewsWire

Advanced Document Automation Capabilities Without the Complexity

By Neil J. Squillante | Tuesday, December 4, 2018

Today's TL NewsWire Hot Product is a popular document assembly product rewritten with more accessible authoring tools embedded in Microsoft Word and a modern browser-based experience for end users (see article below). In addition, you'll find links to many previous TL NewsWire Hot Products, including cloud billing and practice management software that now includes full business accounting, eliminating the need for a third-party solution. Don't miss the next issue of TL NewsWire.

Document automation software has long promised to accelerate legal document creation while reducing errors. However, in the effort to empower end users, the authoring tools have traditionally added layers of technical complexity that impede wide adoption. With the launch of a new platform, a document automation pioneer seeks to make authoring more accessible so that anyone in any law firm can automate any document.

HotDocs Advance in One Sentence

AbacusNext rewrote its venerable document assembly software to create HotDocs Advance, which offers a modern user interface and authoring tools that run inside Microsoft Word.

The Killer Feature

HotDocs Advance consists of HotDocs Author (this replaces HotDocs Developer) and HotDocs Advance web application (the template repository and drafting tool for end users).

"HotDocs Advance is the new simple, scalable, and modern document platform from the market leader in document automation," says senior product manager Nigel Richards. "We have taken our vast years of experience building our market-leading products and crammed that knowledge into the all-new HotDocs Advance, providing our users with an unparalleled platform for creating and consuming HotDocs templates."

HotDocs Author resides in a tab in Microsoft Word's ribbon. From here, you can turn existing documents into templates using the HotDocs Field Editor, a palette similar to what you would use to apply styles. For example, you might select a party's name and convert it to a "Content Placeholder," a dynamic text field that can later be populated by the end users who run the template. You only need to create a Placeholder once as HotDocs Author finds all the other locations.

AbacusNext is especially excited about the ability to use complex, interdependent logic that built the HotDocs reputation without having to write code. Instead, creating rules resembles formula building in Excel, thus lowering the barrier to entry to the most powerful aspects of template creation.

These advanced template options include grouping related questions, conditional True/False or If/Else/Or logic to skip irrelevant provisions, connecting to auxiliary templates to add boilerplate language, mathematical calculations, and multilingual documents.

As an example, a template for an employment agreement can offer different provisions depending on the employee's compensation, title, and geographic location.

Other Notable Features

End users access dynamic interactive HotDocs interviews via a web browser. Each interview consists of form fields, checkboxes, radio buttons, etc. with progress indicated by green checkmarks. There's no need to fuss with formatting. The template repository now includes role-based permissions to selectively present templates to users, reducing the friction created by sorting through irrelevant templates.

HotDocs Advance Workgroups add to the platform's collaboration capabilities. Workgroups permits multiple users to collaborate within a template simultaneously, while maintaining audit trails of user activity and changes. You can even edit answers to quickly correct an error in a document.

According to AbacusNext, HotDocs Advance's modernized user experience can reduce drafting time by up to 90%.

What Else Should You Know?

HotDocs Advance can be deployed on-premises or as a cloud service. Integration capabilities include Active Directory to automatically define workgroups and permissions, connections to document and practice management systems for auto-populating data, and the ability to embed templates on your website for dynamic, self-service document generation. The new architecture that facilitates these integrations will make it easier to incorporate emerging technologies such as artificial intelligence (AI) and smart (blockchain) contracts. Explore HotDocs Advance and bookmark the website.

About TL NewsWire
So many products, so little time. Each week, TL NewsWire reports on the hottest new products for lawyers and law office administrators. The innovative structure of TL NewsWire articles enable you to quickly understand each product's value proposition, and then zero in on its killer feature and other notable attributes. In each issue, you can easily revisit our back catalog of articles and the most recent TL NewsWire Top 25 Products Awards. Subscribe to TL NewsWire.

Topics: Automation/Document Assembly/Macros | TL NewsWire

Accounting, Billing, and Practice Management Converge in the Cloud

By TechnoLawyer | Thursday, November 8, 2018

Today's issue of TL NewsWire Today's TL NewsWire Hot Product is cloud billing and practice management software that now includes full business accounting, eliminating the need for a third-party solution (see article below). In addition, you'll find links to many previous TL NewsWire Hot Products, including cloud timekeeping software for small and midsize firms that automatically captures and categorizes your time. Don't miss the next issue.

It's hard to believe but lawyers once carried both a cell phone and a Palm Pilot, and earnestly debated the benefits of specialized hardware. More recently, lawyers have debated specialized software versus all-in-one software. The latter has the momentum, especially the convergence of accounting, billing, and practice management functions.

Firm Central in One Sentence

Thomson Reuters' Firm Central is cloud practice management and billing software (rated A by TechnoLawyer) that now includes full accounting functionality for front and back office management in one solution.

The Killer Feature

"Having the accounting built into the practice management system is extremely useful, more accurate and a huge time saver," says elder law attorney William B. Rambaum of William B. Rambaum PA.

One of the principal reasons Firm Central saves attorneys like Rambaum time is because the new accounting system eliminates the need for third-party accounting software. Firm Central now has all the same core functionality as products like QuickBooks — chart of accounts, check printing, credit card payments, general ledger, management of payables and receivables, etc.

Even better, the first-party nature of these features enables Firm Central to exceed the capabilities of third-party products. This is best exemplified by Firm Central's new Auto-Posting rules and Dashboard.

With Auto-Posting, you can automatically apply client payments, firm expenses, and more. For example, when a client pays you, Firm Central can automatically post all the related transactions to accounts receivable, the client's trust account, and your firm's general trust account. If the invoice contains several categories of charges, Firm Central can further split payments among accounts for legal fees, recovered expenses, taxes, and write-offs.

With the new Dashboard, you can see Revenue by Practice Area, Top Clients by Revenue, Aging AR, Unpaid Invoices, Unbilled Expenses, Fees Collected, and more on one screen.

"With Firm Central's fully integrated trust and business accounting software, lawyers can now manage all aspects of their practice in one secure complete platform," says Mark Haddad, general manager of Thomson Reuters' Small Law Firm segment. "Solo and small firm lawyers can quickly and easily track their financial activity and generate detailed reports, all within Firm Central. This approach improves efficiency, making it easier to manage finances and keep a close eye on the bottom line."

Other Notable Features

When clients pay you via credit card, Auto-Posting becomes even more automated. Firm Central includes ClientPay, enabling you to embed payment links and QR codes into invoices. ClientPay offers a lower-than-average rate of 1.95% for most transactions, and processes payments in a compliant manner to prevent ethics violations.

Firm Central offers a number of other notable advanced features. Switch between cash and accrual accounting to view your firm from different perspectives. Reconcile bank, credit card, and trust accounts, save a report in PDF format, and even undo a reconciliation if necessary. Apply client payments and pay bills in bulk or individually. Create rules defining who can request and approve checks.

More than a dozen reports in Firm Central enable you to analyze your firm's performance. Reports include balance sheet, profit & loss, collection realization by client, matter, or lawyer, sales tax liability, write-offs, and more.

What Else Should You Know?

Thomson Reuters offers several Firm Central plans, including options such as Deadline Assistant for rules-based litigation calendars. The Import Accounts tool gets you up and running quickly by importing clients, matters, accounts, and balances from your existing accounting system. Thomson Reuters provides migration support if needed. Explore Firm Central in more detail.

How to Receive TL NewsWire
So many products, so little time. In each issue of TL NewsWire, you'll learn about five new products for the legal profession. Pressed for time? The newsletter's innovative articles enable lawyers and law office administrators to quickly understand the function of a product, and zero in on its most important features. The TL NewsWire newsletter is free so don't miss the next issue. Please subscribe now.

Topics: Accounting/Billing/Time Capture | TL NewsWire

Smart Time 5 Brings Am Law 200 Timekeeping Technology to Small Law Firms for the First Time

By TechnoLawyer | Thursday, October 25, 2018

Today's issue of TL NewsWire covers cloud timekeeping software for small and midsize firms that automatically captures and categorizes your time (see article below). In addition, you'll find links to the previous 11 TL NewsWire features, including our coverage of a legal research service that uses artificial intelligence to find court opinions that match the facts, legal issues, and jurisdiction of your client's case, new research tools for analyzing, visualizing, and identifying trends in health care fraud and securities violations, and much more. Don't miss the next issue.

The billable hour has proven a durable business model but it remains a source of frustration for small law firms. Contemporaneous timekeeping requires expensive software that only large firms can afford while reconstructing billable time requires too much effort and is inherently unreliable. Having your assistant enter your time combines each of these flawed approaches.

Smart Time 5 … in One Sentence

Launched this month, Smart Time 5 is the first cloud version of this established timekeeping software, making it available to small law firms for the first time.

The Killer Feature

Many of the country's largest firms use the on-premises version of Smart Time. Version 5 "brings features long used by Am Law 200 firms to small firms for the first time," says Smart Time Apps CEO & Founder Todd Gerstein.

For example, Smart Time includes Billing Guidelines that prevent users at your firm from posting time entries that don't comport with internal or client policies. You can create these guidelines at the firm, client, or matter level. Gerstein showed me a few common guidelines such as no block billing and descriptions limited to a certain number of characters. Using "narrative text logic, you can even require certain words (e.g., "email" must be paired with "regarding").

"What we've built is a single, but infinitely scalable, timekeeping solution," says Gerstein. "Whether you're a small, midsize, or large firm, you get the exact same system and features that make Smart Time the most powerful timekeeping system on the market."

Other Notable Features

Smart Time accommodates all three methods of timekeeping — contemporaneous, reconstructive, and collaborative. Contemporaneous timekeepers can use timers and create time entries when they complete each task. A local Windows application records all your activity for accurate reconstructive tracking that you and/or your assistant can access using the web interface.

Traditionally, reconstructive trackers like this require sleuthing to match activities with matters. Smart Time features a Relationship Engine that automates this matching. After importing your clients and matters, you can expect Smart Time to correctly categorize about 75% of your billable activity. "Learn" and "Block" buttons next to each unrecognized time entry on the Time Capture & Entry dashboard train Smart Time further until it attains near 100% accuracy (the Block button trains Smart Time to ignore activities such as personal email, etc.).

Smart Time enables you to prospect for missing time by selecting a blank block of time on the main dashboard and running a Gap Analysis. This generates a list of recorded unbilled activity during that time period. According to Gerstein, Smart Time's Gap Analysis recovers 8-10 hours of additional billable time per timekeeper per month on average. The main dashboard offers a wealth of additional business intelligence tools that slice and dice your time data to give you greater insight into your goals.

"Smart Time has been the only software that has facilitated my ability to bill contemporaneously or to recreate my time three months later (I happen to do both)," says Liz Messianu, a partner at Florida-based Lubell Rosen. "Nothing is missed, nothing is left unbilled which you have touched, phoned, created, read, looked at, or sent electronically. What more can a busy attorney want? It works."

What Else Should You Know?

Smart Time offers mobile apps for Android and iPhone, enabling you to add and edit time entries on the go. The mobile app has all the same functionality, including timers. Learn more about Smart Time 5.

How to Receive TL NewsWire
So many products, so little time. In each issue of TL NewsWire, you'll learn about five new products for the legal profession. Pressed for time? The newsletter's innovative articles enable lawyers and law office administrators to quickly understand the function of a product, and zero in on its most important features. The TL NewsWire newsletter is free so don't miss the next issue. Please subscribe now.

Topics: Accounting/Billing/Time Capture | TL NewsWire

MySignatures (A Free Siri Shortcut for TL Members); Three Successful Law Firm Marketing Plans

By TechnoLawyer | Friday, October 19, 2018

Today's issue of TL Serendipity contains these articles:

Neil Squillante, MySignatures: A Free Siri Shortcut for TechnoLawyer Members

John Faucher, My Law Firm Marketing Plan: Provisors, Newsletter, Blog, Teaching, and More

David O'Connell, Best Way to Attract New Clients (Now That I've Tried Everything Else)

Philip Franckel, How We Use Our Vanity Phone Number in Marketing

Don't miss this issue — or any future issues.

How to Receive TL Serendipity
Our most serendipitous offering (hence its name), TL Serendipity consists of contributions by TechnoLawyer members who have important information to share. You'll no doubt enjoy it because of its mix of interesting topics and genuinely useful knowledge, including brutally honest product reviews and informative how-tos. The TL Serendipity newsletter is free so don't miss the next issue. Please subscribe now.

Topics: Email/Messaging/Telephony | Laptops/Smartphones/Tablets | Law Firm Marketing/Publications/Web Sites | TL Serendipity

Finish Your Legal Research 25% Faster and Never Miss a Relevant Case

By TechnoLawyer | Thursday, October 11, 2018

Today's issue of TL NewsWire covers a legal research service that uses artificial intelligence to find court opinions that match the facts, legal issues, and jurisdiction of your client's case (see article below). In addition, you'll find links to the previous 11 TL NewsWire features, including our coverage of new research tools for analyzing, visualizing, and identifying trends in health care fraud and securities violations, a popular accounting, billing, and practice management system with a new design, including customization for a more personal and productive experience, and much more. Don't miss the next issue.

Remember the days of struggling to find a case with similar facts? Or wondering if opposing counsel missed a key case? Or learning that your legal research plan doesn't include a reference? If these old days sound like your present day, keep reading.

Casetext … in One Sentence

Casetext is an online legal research service with an artificial intelligence (AI) search engine called CARA designed to save you time and deliver better results.

The Killer Feature

Casetext supports Boolean syntax and natural language searches but CARA offers a third alternative. You drag and drop a complaint, brief, etc. into the CARA search platform. Then enter a few keywords (e.g., copyright, duty of care, mezzanine debt, Robinson-Patman, etc.).

This CARA search results in a list of cases ranked by relevance based on the facts, legal issues and jurisdiction of your client's case. Symbols indicate whether the case is cited in the document you uploaded, enabling you to find cases not cited by opposing counsel.

"Get a motion that you have to respond to, run it through CARA, put some keyword searches in, and I bet you you'll get your answers very, very quickly," says Karen Coolman Amlong of The Amlong Firm. "And I think the proof is in the pudding. You get that kind of response, and you say, 'Wow. This is cool.' And then you look at the pricing and say, 'It's really cool.'"

"Thanks to CARA, legal professionals finish their research about 25% faster than with traditional tools," says Casetext CEO and Co-Founder Jake Heller. "For too long, we lawyers have had to choose from a handful of not-so-great and expensive legal research options. Our goal at Casetext is to change that. We've brought cutting-edge, efficient legal research technology that attorneys actually love using to over two dozen Am Law 200 firms, as well as to over 700 solo attorneys and small firms like The Amlong Firm."

Other Notable Features

No matter what type of search you run, Casetext offers a number of tools to help you pinpoint the best cases. You can search within a search and limit search results to jurisdictions and courts of interest. Casetext highlights Key Passages — portions of the case frequently cited — and lists these citations for you to explore with a click. The Casetext Citator at the top of each case warns you about negative treatment.

Along the left side of the search results you'll find several AI-powered tools. Holdings displays the court's legal conclusions in the cases listed whereas Black Letter Law lists indisputable findings in these cases. You can also review cited statutes and regulations, as well as related briefs, client memos, and articles from top law firms.

When you copy a passage from a case, Casetext's Copy with Cite technology automatically adds the citation in Bluebook format to your clipboard. It also formats the passage you copy as a block quote if it contains 50 or more words. You can copy the passage as a parenthetical citation if you prefer.

What Else Should You Know?

Casetext includes all federal cases, all state appellate cases from the 1950s to present (California from the 1850s), and all state and federal statutes and regulations. A Casetext subscription costs $65 per month with an annual commitment ($89 per month otherwise), and includes unlimited access to everything. Learn more about Casetext.

How to Receive TL NewsWire
So many products, so little time. In each issue of TL NewsWire, you'll learn about five new products for the legal profession. Pressed for time? The newsletter's innovative articles enable lawyers and law office administrators to quickly understand the function of a product, and zero in on its most important features. The TL NewsWire newsletter is free so don't miss the next issue. Please subscribe now.

Topics: Legal Research | TL NewsWire

Timeless Time Management Best Practices Plus 43 More Must-Reads

By TechnoLawyer | Wednesday, October 10, 2018

Coming today to SmallLaw: Our editorial team has selected and linked to the 44 best articles, podcasts, and videos from the past week worthy of your attention. Below you'll find a sampling from today's issue, including our SmallLaw Pick of the Week. SmallLaw is free so don't miss the next issue — sign up now.

Congratulations to Jim Hassett of Legal Business Development and Project Management on winning our SmallLaw Pick of the Week award: Personal Time Management

Running the Day Productively

Breaking Five Bad Habits of Lawyers

You Damage More Than Your Own Personal Brand With Bad Online Behavior

Law Firm Landing Pages: What to Do, and What Not to

How to Receive SmallLaw
Small law firm, big dreams. Written by successful small-firm founders, managing partners, administrators, and legal technology and practice management experts, SmallLaw provides practical advice on management, marketing, and technology issues in solo practices and small law firms. Additionally, SmallLaw features comprehensive reviews of legal products with accompanying TechnoScore ratings. SmallLaw also ensures that you won't miss anything published elsewhere by linking to helpful articles, podcasts, and videos about solo practices and small law firms. Subscribe now for free.

Topics: Coming Attractions | Law Firm Marketing/Publications/Web Sites | Law Office Management | SmallLaw

Bloomberg Law Adds Health Care Fraud and SEC ALJ Initial Decisions to Its Growing Portfolio of Enforcement Tracking & Analytics Offerings

By TechnoLawyer | Thursday, October 4, 2018

Today's issue of TL NewsWire covers new research tools for analyzing, visualizing, and identifying trends in health care fraud and securities violations (see article below). In addition, you'll find links to the previous 11 TL NewsWire features, including our coverage of a popular accounting, billing, and practice management system with a new design, including customization for a more personal and productive experience, cloud billing and practice management software designed to automate your practice through tags, document assembly, process automation workflows, and third-party integrations, and much more. Don't miss the next issue.

When your client faces or may face an enforcement action by the Department of Health and Human Services (the federal health care agency) or the Securities and Exchange Commission, you can conduct legal research to find similar fact patterns and piece together a strategy. However, reading individual health care fraud settlements and Administrative Law Judge (ALJ) initial decisions is time consuming and won't help you identify relevant trends.

Enforcement Tracking & Analytics on Bloomberg Law … in One Sentence

Launched recently, Bloomberg Law's Health Care Fraud Analytics and SEC ALJ Analytics are two new legal research tools for lawyers under the company's growing portfolio of Enforcement Tracking & Analytics.

The Killer Feature

Health Care Fraud Analytics and SEC ALJ Analytics organize the corpus of public data into visualizations to help you assess both the big picture and important details.

For example, Outcome Analytics graphically depicts enforcement trends in a bar chart. For health care law, you can view top settlements by court and/or violation type (kickbacks, billing for unnecessary services, physician self-referrals, etc.). Hover over a settlement for details like settlement amount, entity types, and settlement date. A link takes you to the settlement agreement if you want to read it.

For SEC violations, you can view a stacked bar chart showing top decisions by dollar amount with breakouts for disgorgement, civil penalty, and pre-judgment interest. Another stacked bar chart shows number of events by penalty with five breakouts ranging from under $500,000 to over $500 million. Narrow the data in the chart by type of entity, title of individual, and/or violation type (material misstatements, fraudulent scheme, etc.).

"Bloomberg Law's Health Care Fraud Analytics compiles what would have required lengthy searches over multiple sources and puts it all in one place in an easily navigable and digestible format," says Associate John Eason of Bass Berry & Sims PLC. "It is an incredibly useful tool for our firm's Health Care Fraud Task Force in its efforts to track and analyze the government's enforcement priorities in civil False Claims Act actions and related criminal matters, and in advising clients on health law compliance and risks."

"With all the essential data distilled into easy-to-digest visualizations, Enforcement Tracking & Analytics on Bloomberg Law allows practitioners to better and more efficiently counsel clients who are facing potentially significant penalties," says Joe Breda, president of Bloomberg Law.

Other Notable Features

Health Care Fraud Analytics and SEC ALJ Analytics also enable you to analyze and compare research results in new ways. Start by entering keywords and choosing from several advanced search options. For Health Care Fraud Analytics, narrow your search by origin of complaint (self-disclosure, government investigation, whistleblower), type of entity, type of violation, parties, attorney, law firm, date, and settlement amount. SEC ALJ Analytics offers search parameters such as judge, individual title, non-monetary remediation, disgorgement, and civil penalty.

Your search results appear in a table, giving you a snapshot of each relevant health care settlement or ALJ initial decision respectively. You can display only the columns you need, change their order, sort by date, and apply filters to narrow your results. Links take you the primary source as well as to related content like dockets and news stories. You can save your search to your Bloomberg Law dashboard, receive email alerts, and print or download the table to share with clients and colleagues.

What Else Should You Know?

A Bloomberg Law subscription provides full access to these new services and all other content. Learn more about Health Care Fraud Analytics and SEC ALJ Analytics.

How to Receive TL NewsWire
So many products, so little time. In each issue of TL NewsWire, you'll learn about five new products for the legal profession. Pressed for time? The newsletter's innovative articles enable lawyers and law office administrators to quickly understand the function of a product, and zero in on its most important features. The TL NewsWire newsletter is free so don't miss the next issue. Please subscribe now.

Topics: Legal Research | TL NewsWire

36 Writing Guidelines for Lawyers Plus 43 More Must-Reads

By TechnoLawyer | Wednesday, October 3, 2018

Coming today to LitigationWorld: Our editorial team has selected and linked to 44 articles from the past two weeks worthy of your attention. Below you'll find a sample article from each section of today's issue, including our LitigationWorld Pick of the Week.

The Opposite of Virtue Signaling: Choosing Money Over Honesty

A Decade Makes Quite a Difference in Ediscovery

Simplify a Tedious Deposition Review With Technology

Analyzing the Effect of Trump Appointees on the Federal Bench

Congratulations to Patrick Lamb of In Search of Perfect Client Service on winning our LitigationWorld Pick of the Week award: ElevateNext's Writing Guidelines

How to Receive LitigationWorld
All practice areas evolve, but none faster than litigation. Written by successful litigators and other litigation experts, LitigationWorld provides you with practical tips related to electronic discovery, depositions, litigation strategy, litigation technology, and trial presentations. You'll also receive in-depth litigation product reviews as well as links to the most noteworthy articles in other online litigation publications so that you'll never miss anything. The LitigationWorld newsletter is free so don't miss the next issue. Please subscribe now.

Topics: Coming Attractions | Litigation/Discovery/Trials | LitigationWorld
 
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