LexisNexis Unveils Semantic Search
April 19, 2011
LexisNexis, a legal search engine, has added semantic search technology to its search engine According to the Read Write Web article “LexisNexis Introduces Semantic Search.” The article states
The next-generation semantic search technology identifies the meaning of multiple concepts within a single search query to help users zero in on core concepts faster and make fewer revisions to their search queries.
Semantic search works by utilizing the science of meaning in language to produce quality and relevant search results. The TotalPatent service will help legal services to do important patent research as well as detailed analysis of their results. The Visualize and Compare Tool is a notable valuable addition
that allows users to compare and analyze any two or three result sets or lists of patents, regardless of the underlying search mechanism.
The legal search engine system has received a surprising yet much needed powerful boost from a somewhat unexpected source. This powerful technology could drastically improve productivity. However, the expensive price tag is a huge road block and makes this new technology unapproachable for a lot of legal heads.
We did ask about pricing. The LexisNexis contact could not comment about pricing. We did ask about the source of the technology. The LexisNexis contact could not comment about the source of the technology.
Our take. LexisNexis is rolling out another service that may be out of reach of most users. LexisNexis has some interesting pricing models and fees. Will semantics get LexisNexis back on the revenue trajectory of the era before lawyers sued their universities and big firms cut back on their hiring? Reed Elsevier probably hopes this semantic technology will be a huge financial winner. Reed Elsevier (Ticker: REN) is about $9.50 a share. Believers may want to boost their holdings.
April Holmes, April 19, 2011
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There’s a strong chance that Temis is involved: the two companies have had a relationship for a number of years with Temis providing tools for internal data preparation and repurposing.