Lex Machina Launches Legal Analysis for Chapter 11 Proceedings in Bankruptcy Court

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Lex Machina extensive coverage provides unprecedented insight into an entirely new American justice system,
adding more than 115,000 proceedings filed since 2009 under Chapter 11 of the Bankruptcy Code.

MENLO PARK, Calif., October 6, 2022 /PRNewswire/ — Lex Machina and LexisNexis today announced the official launch of their new Chapter 11 Bankruptcy Module, which provides legal analytics for over 115,000 Chapter 11 proceedings. The Chapter 11 Bankruptcy Module includes the entire record of any bankruptcy proceeding filed after 2009 in a United States bankruptcy court under Chapter 11 of the Bankruptcy Code. This is an important area of ​​law where transparency and understanding offer a crucial advantage. The new Chapter 11 Bankruptcy module gives practitioners essential information about the judges, courts, debtors, creditors, creditors’ committees and trustees involved in Chapter 11 proceedings over the past 13 years.

“With Lex Machina’s Chapter 11 Bankruptcy Module, attorneys can find out how much experience a particular bankruptcy court judge has presided over Chapter 11 bankruptcies with more than $5 million of assets, or how long it takes to get confirmation of the plan in a specific district,” said Carla Rydholm, Lex Machina Senior Director of Product Management. “Bankruptcy analysis helps companies and lawyers make more informed decisions about location, timing, budget and strategy.”

The Chapter 11 Bankruptcy module incorporates notable features such as filters for cases involving commercial debtors, voluntary petitions, and confirmed plans. It also incorporates an extensive collection of practice area-specific document tags to filter specific aspects of the bankruptcy case, including the petition, Chapter 11 plan, schedules, and confirmation orders. The inclusion of these unique parameters allows users to quickly and easily find the most relevant information and analysis.

Our current set of Chapter 11 Bankruptcy module cases, documents and filters can help answer questions such as:

  • Who are the most active creditors?
  • Which law firms have the most experience representing creditors’ committees in Chapter 11 bankruptcies?
  • Which districts are most active in number of Chapter 11 bankruptcies filed?
  • How many times has my judge presided over a Chapter 11 bankruptcy that resulted in a confirmed plan?
  • What is my judge’s experience presiding over Chapter 11 bankruptcies involving small business debtors?
  • What is the median time to schedule confirmation of Chapter 11 bankruptcies filed in United States Bankruptcy Court for the Southern District of New York?
  • How many Chapter 11 proceedings have been filed in the past five years with at least $5 million in assets?

As the only legal analytics platform that combines proprietary natural language processing technology with attorney review to analyze the 2.7 million court documents included in the Chapter 11 Bankruptcy module, LexMachine does the hard work of creating accurate scans that are cleaned, corrected, and improved. This exclusive process allows LexMachine to provide comprehensive information based on data on courts, judges, law firms, lawyers and parties.

The United States Bankruptcy Courts are in addition to the other courts already available on LexMachine. We are proud of this key achievement.

About LexisNexis Legal & Professional

LexisNexis Legal & Professional® provides legal, regulatory, and business information and analysis that helps clients increase productivity, improve decision-making, achieve better results, and advance the rule of law around the world. A digital pioneer, the company was the first to put legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves clients in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analysis and decision-making tools for professional and commercial clients .

About LexMachine

LexMachine fundamentally changes the way corporations and law firms compete in business and the practice of law. The company provides strategic information about judges, attorneys, law firms, parties, and other critical information in 18 federal practice areas and a rapidly growing number of state courts. LexMachine enables law firms and corporations to predict the behaviors and outcomes that different legal strategies will produce, enabling them to win deals and close deals.

LexMachine was named “Greater Bay Area Top Workplaces 2022” (The San Francisco Chronicle Top Workplaces in the Bay Area 2022), “Legal Tech Company of the Year 2021” (CIO Review, 2021), “2021 Legal Technology Trailblazer” (National Law Journal Trailblazer Awards, 2021), Media Excellence Award Winner for Analytics/Big Data (13th Annual Media Excellence Award, 2021). Based in Silicon Valley, LexMachine is part of LexisNexis, one of the world’s leading providers of legal, regulatory and business information and analysis. For more information, please visit www.lexmachina.com.

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