ALM Legal Intelligence, a source of business intelligence for the legal profession, has introduced Pulse, a new business development application for aggregating, tracking and filtering web-based content related to law firms and their clients.

ALM said the application reads and analyses news stories from more than 3,000 traditional media, blogs and other web-based sources, based on user-specified criteria. Users can receive e-mail alerts showing critical events or can browse the information through the ALM Pulse web site.

According to ALM Legal Intelligence, AML Pulse is powered by the Alacra Pulse platform and includes coverage of comments and reports on global public and private companies from more than 20,000 sell-side analysts, industry analysts and key opinion leaders, as well as data on law firms, M&A deals, bankruptcies, debt restructurings, credit downgrades and reorganisations.

Kevin Iredell, vice president of ALM Legal Intelligence, said: “ALM Pulse provides important business development and client management tools for law firm professionals, stimulating ideas for new contacts and ensuring that law firms stay in front of events that affect clients.

“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.”