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ARLINGTON, Va., Jan. 26, 2021 /PRNewswire/ — Bloomberg Legislation announced now key enhancements to its Draft Analyzer tool, which streamlines the course of action of examining, analyzing, and drafting merger agreements. For much more details and to timetable a demo, pay a visit to http://onb-law.com/MunL50DhFo6.
Draft Analyzer is a drafting workflow resource for transactional lawyers that employs a proprietary algorithm to benchmark the user’s submitted text towards equivalent provisions from agreements filed as reveals in the SEC’s EDGAR database. The new enhancements for merger agreements contain effortless obtain to sector common language for clauses in the settlement, a new consumer interface to pace up document navigation and overview, the skill to rapidly review definitions for all terms defined in the settlement, and clause-specific specialist drafting and negotiating steering.
The improved Draft Analyzer will increase efficiency in output for M&A attorneys at law corporations and firms by cutting down the hours put in examining drafts and browsing for language in identical discounts. 85% of beta testers agreed that Draft Analyzer will decrease time put in examining and examining a merger agreement, and 97% agreed that it will support lessen time invested determining typical language.
In the coming months, the Draft Analyzer enhancements – now confined to merger agreements – will be expanded to involve stock and asset purchase agreements as well.
“We know that examining, drafting, and negotiating agreements are part of transactional attorneys’ day-to-working day practice, and the most recent enhancements to Draft Analyzer enable customers to save time and effort and hard work,” said Joe Breda, president of Bloomberg Legislation. “Draft Analyzer joins Brief Analyzer and other impressive Bloomberg Legislation methods that boost efficiency, all on a solitary platform and for a solitary price tag.”
About Bloomberg Legislation
Bloomberg Legislation can help authorized industry experts supply entire world-class counsel with accessibility to actionable legal intelligence in a company context. Bloomberg Legislation provides a special mix of thorough main and secondary source substance, actual-time information, specialist investigation, time-saving follow applications such as Useful Direction, current market info, and business intelligence. For additional data, go to professional.bloomberglaw.com.
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Source Bloomberg Law