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Bloomberg Law vs. Thomson Reuters Practical Law

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Bloomberg Law

    Score8 out of 10
    N/ABloomberg Law is a legal research and analytics tool, from Bloomberg.N/A

    Thomson Reuters Practical Law

    Score7.7 out of 10
    N/AThomson Reuters offers Practical Law, a research assistance tool containing up-to-date legal intelligence decisions, aimed at providing strategic advantage to legal teams.

    $632

    per month

    Pricing
    Bloomberg LawThomson Reuters Practical Law
    Editions & Modules
    No answers on this topic
    Practical Law for Government - Basic
    $119.00
    per month per seat
    Practical Law for Government - Essentials
    $166.00
    per month per seat
    Practical Law for Law Firms - Drafting and Negotiating
    $199.20
    per month per seat
    Practical Law for Law Firms - Litigation and Advisory
    $199.20
    per month per seat
    Practical Law for Government - Premium
    $238.00
    per month per seat
    Practical Law for Law Firms - Premium
    $427.20
    per month per seat
    Practical Law General Counsel - US
    $632.70
    per month per seat
    Practical Law General Counsel - Connect US
    $1,399.35
    per month per seat
    Practical Law General Counsel - Connect US Dynamic
    $1,571.30
    per month per seat
    Offerings
    Pricing Offerings
    Bloomberg LawThomson Reuters Practical Law
    Free Trial
    NoYes
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional DetailsDiscounts available for multi-year plans.
    More Pricing Information
    Community Pulse
    Bloomberg LawThomson Reuters Practical Law
    Considered Both Products
    Bloomberg
    Chose Bloomberg Law
    I also regularly use Brightmine and Practical Law!
    Incentivized
    Thomson Reuters
    Chose Thomson Reuters Practical Law
    They stack up generally the same, but the interface and layout are just different. Lexis and Westlaw seem to be better for case law and citations, but Practical Law is better for legislation and articles that get to the point of what I need without having to read a case.
    Incentivized
    Key User Insights
    Would buy again
    No answers on this topic
    No answers on this topic
    Delivers good value for the price
    No answers on this topic
    No answers on this topic
    Happy with the feature set
    No answers on this topic
    No answers on this topic
    Lived up to sales and marketing promises
    No answers on this topic
    No answers on this topic
    Implementation went as expected
    No answers on this topic
    No answers on this topic
    User Ratings
    Bloomberg LawThomson Reuters Practical Law
    Likelihood to Recommend
    8.0
    (1 ratings)
    9.0
    (3 ratings)
    User Testimonials
    Bloomberg LawThomson Reuters Practical Law
    Likelihood to Recommend
    Bloomberg
    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.
    Incentivized
    Read full review
    Thomson Reuters
    PracticalLaw offers excellent Practice Notes, Checklists, Precedents, and Toolkits for a variety of practice areas - which is very helpful to in-house counsel and law clerks that are working on files across different practice areas. Less appropriate when there are already many resources available to me to help in drafting documents - then there is not much use to look up PLC.
    Incentivized
    Read full review
    Pros
    Bloomberg
    • Daily Labor Report
    • Providing summaries of recent decisions
    • Easy to navigate
    Incentivized
    Read full review
    Thomson Reuters
    • News articles.
    • Specific content on areas of law.
    • Research jury verdicts and dispositive motions decisions.
    Read full review
    Cons
    Bloomberg
    • 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
    Incentivized
    Read full review
    Thomson Reuters
    • Some resources are more detailed and on point than others
    • Competitors offer platforms that are more user-friendly
    • Sometimes navigating back to an old resource takes a bit more time than other platforms
    Incentivized
    Read full review
    Alternatives Considered
    Bloomberg
    I also regularly use Brightmine and Practical Law!
    Incentivized
    Read full review
    Thomson Reuters
    Lexis Practice Advisor is an excellent alternative - but Practical Law has more comprehensive coverage of topics and practice areas - as well as more frequent updates to tools and checklists. Also, Practice Law integrates well with WestLaw which is great for having all the legal research and files centralized.
    Incentivized
    Read full review
    Return on Investment
    Bloomberg
    • 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
    Incentivized
    Read full review
    Thomson Reuters
    • Cost savings related to proactive training is easily in the hundreds of thousands.
    • Having various types of content available in one platform makes research efficient.
    • I have used Practical Law to search for judgments and lessons learned from my training sessions for our leadership.
    Read full review
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