The System

Lexata is an intelligent securities law research system. It uses sophisticated computing techniques – particularly natural language processing – to find the most relevant rules when a user searches the database.

Lexata helps in-house and external counsel find answers to securities law questions quickly, using google-like searches, with no research training required. With Lexata’s technology,

  • in-house counsel can answer more questions for themselves; their consultations with external counsel will be less expensive, focusing more on analysis and strategy and less on rule-finding; and
  • external counsel can advise on securities laws more efficiently, with less tedium and a greater ability to predict the costs of research.

Lexata’s database and search algorighms are being built and refined; the prototype topics are

  • insider reporting and early warning reporting,
  • financial statements required for public offerings, and
  • investment fund compliance.

Lexata’s expansion will focus on

  • Canadian securities law topics, namely financial statements and MD&A; shareholders’ meetings; private placements; related party transactions, etc.;
  • MJDS requirements for U.S.-listed Canadian companies; and
  • U.S. domestic securities laws.

We welcome your feedback. What topics and and features are most important to you?