I have followed the birth and development of Bloomberg Law with great interest. After all, it requires a bit of chutzpah to launch a legal research platform with the goal of taking on Westlaw and LexisNexis on their own terms. It also requires a bit of cash. Bloomberg Law has both.

So here’s a report about another step forward in Bloomberg’s quest to compete with the two behemoths of legal research — and a look at the launch of a contract-drafting tool and a new platform for tracking litigation dockets and court rules. But first, Bloomberg Law (www.bloomberglaw.com). When it officially launched in December 2009, I wrote a review giving it credit for “getting into the game with swagger” by loading up on primary legal content, creating its own editorial enhancements, and developing its own citator to rival Shepard’s and KeyCite. But I also called it a “work in progress” and likened it to a luxury yacht only partially constructed. “It is seaworthy,” I said, “but still has a lengthy punch list.”

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