International law firm strikes deal for more financial data

Business and financial information providers, Perfect Information (PI) have announced a deal to provide Lovells, the international law firm, with financial data for the next three years.

The agreement will give Lovells access to data from nine million financial documents such as annual reports, bond prospectuses, shareholder filings and M &A information from the PI Filings database. Data on fixed income securities used by debt capital market professionals, which includes 250,000 archived debt documents such as bond prospectuses and supplements, will also be available through the PI Debt database.

Counting clients from global corporations to financial institutions and governmental organisations, Lovells’ vendor relations manager, Robin Hall, explained that despite a gloomy financial forecast, there was still a demand for timely and accurate financial information. "The current financial climate seems to have had little impact on the amount of financial research we carry out’ said Hall, adding, ‘Response times to our own client base are paramount and having fast access to reliable financial data is as important as ever”

Greg Simidian, CEO of Perfect Information, said, "This three year deal perfectly illustrates that by staying close to your customers, you understand exactly what they need and as a result, both parties benefit,"

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