ARLINGTON, Va., July 15,
2024 /PRNewswire/ -- Bloomberg Law today announced
enhancements to its forthcoming Bloomberg Law Answers feature, an
innovative tool designed to streamline how legal professionals
access and utilize information. Leveraging advanced generative AI
technology, Bloomberg Law Answers provides instant, concise
responses to legal queries directly within the Bloomberg Law
platform.
Bloomberg Law Answers dramatically speeds
up legal research by providing instant, concise responses to users'
queries.
Bloomberg Law Answers enhances the research experience by
generating brief answers to searches using generative AI technology
and large language models (LLMs) in combination with relevant legal
documents including court opinions, practical guidance documents,
and secondary sources like books and manuals. Each answer provides
citations and links to supporting Bloomberg Law authorities and the
source documents used to generate it.
Key features of Bloomberg Law Answers include:
- Generative AI integration: Utilizes a sophisticated Large
Language Model (LLM) to process and summarize legal information
into a concise answer.
- Comprehensive coverage: Works across an expanded set of
Bloomberg Law content, including expert-written Practical Guidance
and Manuals, federal and state court opinions, extensive treatises
and books collections published by the American Bar Association,
James Publishing, American Bankruptcy Institute, ERISApedia, as
well as books exclusively published by Bloomberg Law that are
available only on the Bloomberg Law platform.
- Direct access: Answers appear at the top of search results,
providing immediate insights.
- Commitment to responsible AI development: Sophisticated
guardrails minimize the risk of incorrect answers and prevent the
feature from answering questions outside the legal domain, while
linking source documents for transparency and verification.
"Bloomberg Law Answers represents a significant step forward in
our commitment to integrating AI within legal research, in line
with our long track record of leveraging innovative technologies to
improve attorney workflows," said Todd
Barton, vice president of product, Bloomberg Law. "This tool
not only speeds up the research process but also enhances the
accuracy and reliability of the information, empowering legal
professionals to make informed decisions faster."
Bloomberg Law Answers is currently available to users
participating in the Bloomberg Law Innovation Studio, an
experimental environment available to select Bloomberg Law users.
The Innovation Studio allows customers to interact with
experimental product features and share feedback.
For more information about Bloomberg Law Answers and
Bloomberg Law's other AI innovations, please visit
https://aboutblaw.com/bePM.
About Bloomberg Law
Bloomberg Law combines the latest
in legal technology with workflow tools, comprehensive primary and
secondary sources, trusted news, expert analysis, and business
intelligence. For more than a decade, Bloomberg Law has been a
trailblazer in its application of AI and machine learning.
Bloomberg Law's deep expertise and commitment to innovation provide
a competitive edge to help improve attorney productivity and
efficiency. For more information, visit Bloomberg Law.
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SOURCE Bloomberg Law