ALM Legal Intelligence and Alacra have announced a partnership under which ALM will act as reseller of Alacra Pulse to law firms. The solution, co-branded as ALM Pulse, helps drive idea generation (for business development) and current awareness, allowing law firm partners to keep up-to-date on critical business events impacting their clients, prospects and peers.
ALM Pulse reads and analyzes stories from more than 3,000 traditional and alternative media sources, identifying key events such as M&A rumors, bankruptcies, comments by financial and industry analysts, law firm representation of clients and other impactful events. The results are delivered as daily alerts to users and through the ALM Pulse website.
ALM Pulse includes all the current Pulse events:
- Street Pulse (analyst comments on companies)
- Deal Pulse (M&A rumours, deals and deal ideas)
- Legal Pulse (law firm mentions, legal representation)
- Weak Pulse (bankruptcies, reorgs & restructurings)
- Chief Pulse (comments by senior corporate executives)
Alacra Pulse has been in use at financial institutions and professional service organizations since its launch in 2009. The partnership with ALM was a natural fit, as law firms have similar needs for business development, competitive intelligence and current awareness. ALM provides business intelligence solutions to law firms through its extensive database of surveys, rankings and law firm profiles. ALM Pulse extends these offerings with solutions for marketers and individual attorneys at each firm.
According to Kevin Iredell, VP, ALM Legal Intelligence, “ALM Pulse can help law firms anticipate the needs of existing clients and identify new business potential across a wide range of industries, while tracking reporting on their own firms and competitors.”