Law firm publications - US aggregator enters market
Posted by scott on June 29th, 2009Greg Lambert at the 3 Geeks and a Law Blog has a short review of a lawfirm publications aggregator called myCorporateResource.com. About a year ago I wrote a comparison article of three other aggregators: Lexology, Mondaq and Linex Legal for Internet Newsletter for Lawyers & Law 2.0 entitled Mining the Value of Law Firm Publications [Note to self: Add to link my articles tab]. I must confess I would not have thought there was a need or indeed room in the market for another similar site, but at first look, myCorporateResource.com looks like a useful and welcome addition to the club.
All law firms write client memoranda and articles. These publications are primarily written for the benefit of in-house counsel/lawyers in organisations, and function – when done properly – as an excellent source of free know-how that can be used as excellent primer material on a given topic, especially if a firm has been brave to enough to actually take a position on a particular subject, rather than just sit on the fence (still the usual approach).
Companies such as Lexology, Mondaq and Linex Legal now do the hard job of aggregating the content for you: allowing you to search by firm, legal topic/sector, jurisdiction and keyword, and saving you the trouble of monitoring each firms’ website individually to find new material.
My Corporate Resource can now be added to these three as an additional source of aggregating and disseminating these useful publications and updates.
The site splits itself into nine main areas:
Corporate Team: This is an interesting idea. The site tries to identify which updates would best appeal/be of most use to different people within a Corporate Team : Directors, Senior Executives, Legal team, Finance Team, Accounting Team, HR Team, Compliance Team, Company Secretaries. Each of their groups get their own separate “portal” on this site with the latest in legal alerts, regulatory press releases, rules announcements and industry insider blogs
Client Memoranda: Browse and search by Industry, Corporate Role, Area of Law & Geography.
RSS Feeds: The site offers 70 feeds broke down by Industry, Professional Role, Area of law, and Geography
24 (Memo)rable Hours: An overview of the latest updates
Lex Pop: The most read/popular content on the site
Hot Topics: Exactly what it sounds like, articles and updates covering the latest ‘big’ thing.
The SEC: A page dedicated to the SEC and covering their press releases, a calendar, blogs, and rules releases
Standout Material: This doesn’t seem to link anywhere yet, but offers a brief reason behind their review process.
Memo of the Week: What the editors of the site think is the most interesting memo of the week.
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Source Material
Like Linex Legal, the approach they have taken is to link out to the source material as hosted in the individual law firms’ sites, rather than hosting copies of the material themselves – the approach taken by Lexology, and Mondaq. Law firms tend to like this approach, as it feels less like someone is trying to take their content to build a business.
Reviews
What they do, which make them unique is that they review a selection of the updates that come through, offering commentary on the commentary. I quite like this, although as there is no information on the site about just who the people are that are doing this ‘reviewing’ , it is hard to place any weight on these reviews.
Coverage
Whilst it does have some non US content, the coverage is distinctly American, which is where it falls down when compared to the wider international coverage of the three other services, and which will make it a less useful research tool for lawyers, PSLs, and Library and Information staff in UK/EU law firms. It would be nice to see the international side of things developed a bit more, and maybe the addition of some non US blogs too.
Connected to this content issue, the site lacks information on how many firms (and who they are) it covers, outside of a general ref to covering the AM Top 100.
Other issues
There is also some inconsistency on the site:
Labelling of Articles: when covering items written by Freshfields, sometimes the site refers to the shortened name and sometime to the full Freshfields Bruckhaus Deringer.
Use of Descriptors: Whilst using the term ‘Corporate Role’ in its Client Memoranda pages, it then uses ‘Professional role’ to describe the same subset on its RSS page.
Conclusion
I think there is a lot of potential for this site, especially if you’re a US based lawyer or legal information worker. If you’re in Europe and /or rest of the world, then you are still going to be better served by Lexology (my current number one choice), Mondaq and Linex Legal.
Also part of the service offered by these three is around selling Law Firms data on the number of hits their articles get via the site, emails and rss; who is reading them, where they are from; who they work for, and other statistics. So far I cannot see evidence of my Corporate Resource doing this.
What I will say is that if my Corporate Resource decide to take the rest of the world and publications / updates from smaller firms more seriously, then all three will need to watch out. This is already a good resource and one you should certainly add to your list of sites for finding and accessing law firm content.
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