Overview We describe Linguistic Information Processing System (LIPS) – the System - for research of natural language and speech. The goal of the system is to provide linguists (including philologists, lexicographers, psycho- and socio- linguists, pragmatists, etc.) researchers and educators with a toolkit for gathering, storing, analyzing, organizing, and rendering linguistic data. The System consists of three major subsystems or modules: 1) the natural language model (NLM),