Bloomberg Law vs. Factiva

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Bloomberg Law
Score 8.0 out of 10
N/A
Bloomberg Law is a legal research and analytics tool, from Bloomberg.N/A
Factiva
Score 8.1 out of 10
N/A
Factiva from Dow Jones is a data service that helps companies identify opportunities, accelerate decisions and manage a business's reputation, that includes global news and data accessible via the Dow Jones' research platform, on mobile devices or integrated via advanced feeds and APIs.N/A
Pricing
Bloomberg LawFactiva
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Bloomberg LawFactiva
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
Bloomberg LawFactiva
Considered Both Products
Bloomberg Law
Chose Bloomberg Law
I also regularly use Brightmine and Practical Law!
Factiva
Chose Factiva
Each of the tools I have described share the same kind of premise: the main thing they do is source and collect media content. Then to varying degrees they run filters against this content and produce a range of data visualisations and ways of slicing the data and content. …
Chose Factiva
I have used Lexis Nexus and Thomson One. I find Factiva to be the most user friendly of these services. I much prefer Factiva's layout on their website when I search for articles and I also prefer its search builder over Lexis Nexus and Thomson One.
Chose Factiva
I often used Twitter as an alternative to Factiva. Additionally, I used a number of link-gathering resources such as Google alerts.
Chose Factiva
At the time, Factiva was already being used by the company I worked for - they had developed procedures specifically for using Factiva, so there wasn't really an option. I've used Lexis, Westlaw and Bloomberg exclusively for legal research, so there wasn't really an overlap …
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Bloomberg LawFactiva
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User Ratings
Bloomberg LawFactiva
Likelihood to Recommend
8.0
(0 ratings)
9.0
(0 ratings)
User Testimonials
Bloomberg LawFactiva
Likelihood to Recommend
It's best suited for in-house counsel that wishes to stay on top of recent case law and labor decisions. It's also great for labor & employment attorneys working at firms to have a high level overview of key issues. The chart builder and Daily Labor Report are the best resources for in-house counsel. The content is easy to flip to in-house client teams and department heads along with individual analysis and suggested action items.
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Factiva is particularly useful when I work on securities litigations involving shareholder lawsuits -- i.e. shareholders who bought and sold shares during a specified class period when the company was misrepresenting, for example, its financials. Specifically Factiva is quite useful in helping me understand what company events were known by the market and when they were known. Factiva has also been useful in helping me on various research studies. It is less relevant for other types of litigation that I work on (i.e. Patent litigation, etc).
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Pros
  • Daily Labor Report
  • Providing summaries of recent decisions
  • Easy to navigate
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  • Putting broad swaths of news in one place
  • Organizing information
  • Constant updates
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Cons
  • Could offer more practical advice and answers to common questions similar to SHRM
  • Discussions and summaries of recent legislation
  • Easier to search case law function
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  • Lengthy setup for searches
  • Repeated articles appear frequently
  • Unannounced interface changes were unpleasant surprises
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Alternatives Considered
I also regularly use Brightmine and Practical Law!
Read full review
Each of the tools I have described share the same kind of premise: the main thing they do is source and collect media content. Then to varying degrees they run filters against this content and produce a range of data visualisations and ways of slicing the data and content. Factiva's strength lies more in the sourcing of content than in the manipulation of the results (much like the others do with more sophisticated dashboards and visual interpretations). We chose it because of the integrity of its sourcing breadth. It doesn't matter so much about the display of results because the source material you're working with isn't as dynamic as say social media.
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Return on Investment
  • Less reliance on outside counsel or outside law firms for key legal updates
  • Increased value to internal departments and teams by knowing the current labor and employment landscape
  • Easy to create 50-state charts on key issues
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No answers on this topic
ScreenShots