Legal Blog Watch has this article about Bloomberg Law, a new legal research service that competes with Westlaw and Lexis. Bloomberg's service is marketed to law firms, and integrates legal content with news and business information.
This new service is scheduled to be introduced later this month at a party at Wilkie Farr & Gallagher in NYC. It offers a citator, docket search, a law digest, law reports that integrate primary and secondary legal research with financial and business news, and the ability to search across multiple databases.
The Legal Blog Watch article includes reviews by beta testers (mixed verdicts) and questions the need for yet another proprietary legal research service.