Thomson Reuters vs. Bloomberg

Stanford Law School was one of the first, if not the first, law schools to provide a Bloomberg Law terminal to its faculty and students.  Very slowly, but surely, Bloomberg is building a fan base here, especially for its docket information and truly outstanding subject-specific Law Reports (as noted on this blog a couple of times).  George is our Bloomberg point-person, but from what I’ve seen the quality of its content is very high — the question is, however:  Is it worth it? 

Today’s New York Times has an article by Ian Austen about the new Thomson Reuters / Bloomberg rivarly, “The New Fight for Financial News.”  It makes reference to Bloomberg’s monthly “take it or leave it” fee for all content, which includes Bloomberg Law.  But, as the story points out:

Neither company has sorted out a strategy for competing with [free] online services. Michael F. Holland, the chairman of Holland & Company and the former chief executive of First Boston’s asset management division, said he can no longer justify a Bloomberg terminal for his current role and often turns to the Web for data. He first used a terminal in the 1980s and remains a fan: “There really is nothing else that’s quite like the Bloomberg,” he said. “From the beginning, it has provided incredible information. But at a very high price.”

 

According to our information, the following law schools have some sort of access to Bloomberg Law:

Stanford, UVA, NYU, Cardozo, Duke, Vanderbilt, UCLA, Boalt, Chicago, Michigan, Cornell, Columbia, Fordham, Yale, Boston College, Boston University, Penn, Brooklyn, Harvard, St. Johns, New York Law.
There may be errors and/or omissions in this list, so we welcome corrections.

 

2 thoughts on “Thomson Reuters vs. Bloomberg

  1. Wow! That strikes me as truly something encouraging for Open Access when an asset manager of an old-line investment bank like First Boston questions the pricey proprietary online databases (and, specifically, “can no longer justify a Bloomberg terminal … and often turns to the Web for data”), no matter their uniqueness!

  2. For a side by side analysis of all electronic legal research providers. Check out postgression.com for market inteligence and bus deb. It is Bloomberg all the way. Never the less for legal research – you are better off with loislaw. That is all Bloomberg is. It licenses all content from kluwer.

    What can be concluded. All legal research is contrnuting to the direct downfall of the legal librarian.

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