Today's issue of TL NewsWire covers a new legal research service that use artificial intelligence to keep you apprised of new federal legislation and regulations (see article below). In addition, you'll find links to the previous 11 TL NewsWire features, including our coverage of an AI-powered legal research technology that provides fast answers to common legal questions, including definitions, elements of a claim, and standards of proof, document and email manegement software that integrates with Microsoft Office and scanners to consolidate all client-related data in one location, and much more. Don't miss the next issue.
The dramatic shift in public policy positions by the Trump administration and Republican Congress has resulted in a myriad of regulatory changes in the executive branch with the prospect of major legislation such as health and tax reform around the corner. Keeping up with this activity is daunting.
Federal Developments Knowledge Center … in One Sentence
Wolters Kluwer's Federal Developments Knowledge Center offers one-stop-shopping for analysis, news, and primary source material related to federal legislation and regulations.
The Killer Feature
More than 100 attorney editors comprise the team behind the Federal Developments Knowledge Center. One of their innovations is Smart Charts, which provide insights on recent activity within practice areas of interest to you. Smart Charts encompass more than a dozen practice areas, including Banking and Finance, Global Trade, Health Care, Immigration, Securities, and Tax.
After selecting one or more practice areas, you choose from several Document Types — Enacted Law, Executive Order, Final Rule, Proposed Legislation, etc. A table then lists Key Federal Developments with links to the primary source, Related Expert Analysis with links to news coverage, and WK Commentary. Written by the attorney editors, WK Commentary saves you time by providing the effective date, a synopsis, and the likely impact and next steps. Instead of periodically checking a Smart Chart, you can set up email alerts for one or more practice areas.
Other Notable Features
The Federal Developments Knowledge Center dashboard provides the entry point to Smart Charts. It also contains linked lists of presidential actions, bills and enacted law, rules and regulations, news headlines, white papers, and other references. Click See All for any of these items to view the full feed in reverse chronological order with new items since your last visit highlighted to save you time. At the top of the dashboard, you can search through all or selected types of content.
Federal Developments Knowledge Center offers artificial intelligence (AI) to provide predictive analytics for legislation, including a Bill Breakdown to help you assess proposed bills so that you can advise your clients. An AI algorithm called Predictive Outlook provides two percentages — Pass Prediction (whether a bill will exit its committee and get passed in that chamber) and Percent Chance of Enactment. A chart illustrates the positive and negative forces affecting the bill and their relative weight in forming the Predictive Outlook. In addition to the Bill Breakdown, you'll also find links to the bill and related bills and statutes, as well as statements about the bill by the president and administration officials.
"Amid so much regulatory uncertainty, attorneys have been hard pressed to monitor multiple sources, analyze information and gauge potential impact for their clients," says Dean Sonderegger, Vice President & General Manager, Legal Markets & Innovation. "Federal Developments Knowledge Center is designed to directly address those pain points, identifying the issues that will have a real impact on clients and giving legal professionals a comprehensive source of up-to-the-minute information so they can advise their clients with more speed, ease and agility."
What Else Should You Know?
Every item in Federal Developments Knowledge Center offers a printer-friendly version. You can also email any item or export to Word format (Excel format for Smart Charts and other tables). You can try the service for free without obligation. Learn more about Federal Developments Knowledge Center.
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