[Updated to include comments from Mark Harris, Knowable CEO, and Ritu Khanna, executive vice president, Global Strategy & Acquisitions, at LexisNexis.]

LexisNexis Legal & Professional today announced that it has entered into an agreement to form a joint venture with Knowable, a company that uses machine-learning technology to help companies better understand their contracts.

A legal analytics product being launched today by LexisNexis does something no other analytics product does: It analyzes the language of specific judges’ opinions to identify the cases and arguments each judge finds persuasive.

The new product, Context, also provides analytics on expert witnesses, and may be the most  comprehensive product available for this

The legal analytics platform Lex Machina, which is owned by LexisNexis, has been steadily expanding its coverage into new practice areas, and today has added insurance litigation.

The new module provides analytics for more than 92,200 cases pending in federal court since 2009 that involve disputes between an insurer and a policyholder, a beneficiary,