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The AALL Spectrum® Blog is published by the American Association of Law Libraries. Submissions from AALL members and other members of the legal community are highly encouraged. Opinions and editorial views expressed are those of the authors and do not represent the official position of AALL. AALL does not assume any responsibility for statements advanced by contributors. The previous Spectrum Blog was located at aallspectrum.wordpress.com.
6/25/2012 4:50:55 PM

Book Review - Bloomberg Visual Guide to Municipal Bonds

Bloomberg Visual Guide to Municipal Bonds, by Robert Doty.  Bloomberg Press, 2012, 192 pages inclusive of appendices and index.  Softcover, $60, ISBN 9781118152553.

Bloomberg Press’s Bloomberg Visual Series thus far includes the Guide to Municipal Bonds and the Guide to Candlestick Charting.  Covering the relevant topics of finance and trading, the Bloomberg Visual Series truly lives up to its name.  Throughout the Guides are large, colored charts, color coded key points, step-by-step instructions, do it yourself features, definitions, and smart investor tips.  This easy-to-follow style is visually pleasing and draws the reader into discovering more on the topic.

Having these visual features throughout the text of the Guide to Municipal Bonds helped me as a reader better understand the topic of municipal bonds.  Had the book simply been a textbook without any added features, I, as a novice to the topic of municipal bonds, would have easily become lost and mired down with all of the new words and terms being presented to me.  I would dare to say that the topic of municipal bonds is not one that many of us learned while pursuing either our law degree or masters in library science.  Thus, a text with these added visual features is highly beneficial not only to a seasoned practitioner by also to us librarians.

The book covers twelve chapters with each ranging from as many as twenty-six pages to as few as eight pages.  Easily readable, each chapter typically begins with key points and definitions to get the reader acclimated to the topic being presented.  Throughout each chapter the reader will be guided by each type of visual feature the book offers reinforcing the words written by the author.  Additional information is given at the conclusion of most chapters whereby the reader may find other sources to reinforce what he or she had just read.

The author concludes with two appendices.  The first appendix provides additional resources for the practitioner dealing with municipal securities.  These resources include additional Bloomberg materials such as Bloomberg Municipal News and Bond Data, resources of the Securities Exchange Commission (SEC), resources of the Financial Industry Regulatory Authority (FINRA), and a host of others.  The second appendix provides a Bloomberg Functionality Cheat Sheet which lists several mnemonics that are used in Bloomberg terminals to access the Bloomberg Professional service and monitor real-time market data.

As the president of a private consulting company in Sacramento, California, Doty lends a wealth of knowledge to this text.  He has written numerous publications in the field and has participated in principal drafting roles for several national and regional municipal disclosure and securities law guidance publications.  His knowledge and expertise in the field combined with the visual aspects of the Bloomberg Visual Series has produced a well-organized, easy-to-follow book on the topic of municipal bonds.  It is a good item to add to any law library collection especially those that may be lacking items in this area.  

Posted By Stephen Parks at 6/25/2012 4:50:55 PM  0 Comments
TOPICS: book reviews
6/25/2012 10:56:10 AM

Book Review - The Wolters Kluwer Bouvier Law Dictionary, Desk Edition

The Wolters Kluwer Bouvier Law Dictionary, Desk Ed., General Editor: Stephen Michael Sheppard. Wolters Kluwer Law & Business, 2012. Hardcover, 2 volumes, $145.00. ISBN: 978-1454806110.

In 1839, John Bouvier published the first dictionary written for an American legal audience titled A Law Dictionary Adapted to the Constitution and Laws of the United States of America, and the Several States of the American Union. A naturalized American born in France, Bouvier was baffled as to why American lawyers constantly consulted English authorities and based their legal arguments on how foreign English authorities were or were not applicable in the United States. He felt available English law dictionaries could not adequately define emerging “New World” legal concepts in a non-feudal, republican context. Judge Bouvier's response was an encyclopedic dictionary that carefully expressed a point-of-view fitting the relatively new country and legal system. Not only was it a dictionary, it was the first “secondary source” for American law.  Bouvier’s work became the "go-to" compendium for American lawyers and jurists through the early Twentieth Century.

After Bouvier's death in 1851, the dictionary continued to be published under the editorships of Francis Rawle, Daniel Angell Gleason, and William Edward Baldwin until the 1940s. By that time, Bouvier's competitors included Black's, Ballantine's, and countless other legal treatises that described law in the United States. Bouvier was relegated to law library bone-yards where it sat gathering dust, awaiting a trip to the recycle bin.

Thankfully for wordsmiths and lexiconophiles everywhere, Prof. Stephen Michael Sheppard (University of Arkansas) and Wolters Kluwer Law & Business saw the potential in this title and resurrected it from obscurity. The new version of the dictionary titled The Wolters Kluwer Bouvier Law Dictionary (WKBLD) defines over 8,000 legal terms in two volumes. The desktop edition retains the unique layout of Bouvier's original, with the added benefit of modern terms and usage notes. The publisher has also created dictionary apps for mobile, non-print users.

Like an encyclopedia, the dictionary is arranged alphabetically by concept. So, while a “regular” dictionary (like Black’s) may put “Flotsam” under “F” and “Jetsam” under “J” and “Shipwreck” under “S”, WKBLD lists those three words in “S” under the general heading of “Salvage” so that the user can put the word into a broader context. There are adequate cross-references to guide the uninitiated to the proper general heading location.

The WKBLD’s entry for “Salvage, Shipwreck” is typical. It begins with a general “plain English” definition for the legal concept. In smaller, italicized print underneath, there is a note about the concept’s derivation that may include etymological notes or summaries from cases, law reviews, the Bible, or other relevant sources. These “derivation notes” are summaries written in “plain English” and help the user understand the evolution of the legal concept. Next (also in small italicized print) are usage notes that quote sources properly using the word. Finally, the entry ends with “See also” notes that guide the user to similar legal concepts.

Compared to other dictionaries, WKBLD does lack some key features like the pronunciation signals found in Ballantine's Law Dictionary (Lexis-Nexis) or a publisher’s standardized cross-reference arrangement like the Key Number System in Black’s (West). However, compared to either of those dictionaries, WKBLD provides more depth for included words. Also, WKBLD draws upon Wolter Kluwer’s broad publication catalog and includes many specialized,  international, and comparative law terms that may not be included in other legal dictionaries (such as Istihsan, Kal va-homer, and Yakuza).

Additionally, volume 2 includes three appendixes: The Declaration of Independence and the United States Constitution; Biographical Index (Justices of the U.S. Supreme Court and Others Who Have Influenced the Law); and Abbreviations Used in Bouvier, 1853. Some users may find these helpful, if they can remember that they are included in this publication.

As a non-attorney law librarian, I have often felt that the legal dictionaries on the market did not adequately describe terms for someone who didn’t take a particular class in law school or never practiced. The world of legal practice, after all, includes more people than those who have J.D. degrees: we have paralegals in law firms, clerks in courts, pro se litigants in public libraries, and students in academia. I think that adding this dictionary to a collection will especially help those patron groups who need context to understand a word. As such, this dictionary would be useful in any type of library.

Holly Lakatos is the law librarian at the state Court of Appeal, Third Appellate District in Sacramento, California.

Posted By Holly Lakatos at 6/25/2012 10:56:10 AM  1 Comments
TOPICS: book reviews
6/20/2012 3:08:49 PM

Foreign, Comparative, and International Law SIS Newsletter Highlights

The most recent issue of the FCIL newsletter features an essay about a librarian's adventures in Argentina.  When the author, Julienne Grant, visited Buenos Aires, she visited several places other librarians will find interesting:  the national library, the "Tower of Babel" (a sculpture made of books), and the El Ateneo Grand Splendid bookshop.  Alison Shea gives advice about attending an international conference.   The newsletter also includes new reviews of several well-known FCIL resources: LLRX, The International Encyclopedia of Laws, World Constitutions Illustrated, and the Foreign Law Guide. 

Posted By Sara Sampson at 6/20/2012 3:08:49 PM  0 Comments