Legal News

Analytical Tools Coming To the Legal Industry
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

legal database

Summary: Using a database on litigation cases will change some of the unknown factors that lawyers must determine when deciding how to handle a case.

Litigation claims can be worth hundreds of billions of dollars but very few lawyers take advantage of data to help make the litigation process easier. There are mounds of data on complex and simple litigation trends that are being used to create analytic tools for law firms and lawyers to use.

  
What
Where


A number of technology and software companies are working on compiling this data, which experts say will change the competition among law firms and promote growth. Lawyers are just starting to understand how to use the data but with a low number trying it out, there is a lack of third-party validation.

The validation these companies are seeking would require them to offer their product to another party to run cases with known outcomes and compare the predicted results from the program to the actual case results, similar to a clinical trial.

There are few products being used already. Lex Machina lists over two dozen law firms that use its database of millions of IP litigation cases for IP and patent litigation. The tools that structure the data for analysis are helpful when trying to make a decision about a case. Lawyers can gain insight on the statistics of how a particular judge or district tends to rule.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




While it is not expected that data will ever be able to completely calculate settlement amounts because often some of the data that would be required to do this is private.

Source: https://bol.bna.com/data-analytics-gaining-ground-but-bold-promises-need-validation/



Photo: blogs.wsj.com



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Attorney with motions experience

USA-WA-Seattle

Seattle office of our client seeks mid-level litigation attorney with 3-5 years of experience, inclu...

Apply Now

Environmental /Land Use Attorney with 2-3 years of experience

USA-CA-San Francisco

San Francisco office of our client seeks environmental /land use attorney with 2-3 years of experien...

Apply Now

Litigation Attorney with 2-5 years of insurance defense experience

USA-FL-Jacksonville

Jacksonville office of our client seeks litigation attorney with 2-5 years of previous insurance def...

Apply Now

Land Use, Zoning Attorney with 2-6 years of real estate experience

USA-NY-Fishkill

Fishkill office of our client seeks land use, zoning and development attorney with 2-6 years of comm...

Apply Now

RELEVANT JOBS

Corporate / Commercial Attorney | Lebanon, NH

USA-NH-Lebanon

Downs Rachlin Martin PLLC seeks an experienced corporate / commercial attorney to join its Lebanon o...

Apply now

Business Law Junior Associate | Burlington, VT

USA-VT-Burlington

Downs Rachlin Martin seeks associate attorney with 1-3 years of experience to join its Commercial an...

Apply now

Business Law Associate | Burlington

USA-VT-Burlington

Downs Rachlin Martin is seeking an attorney with 4 to 8 years of experience to join its very busy pr...

Apply now

Litigation Associate

USA-NY-New York City

Midtown Manhattan litigation boutique with diverse civil litigation practice seeking associate with ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top