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This is where lawfirm predictive analytics come to the rescue. Predictive analytics give legal professionals the power to forecast outcomes and shape strategies with greater precision and confidence. What is predictive analytics? What is predictive analytics for lawfirms?
million pre-seed funding round led by two venture capital firms, Maple , which invests in companies with Canadian roots, and Haystack , which invests in early-stage companies. ” He distinguished Bench IQ from legal analytics companies such as Lex Machina or Pre/Dicta. The Toronto-based company recently closed a $2.1
While you certainly want to increase lawfirm website traffic, you also want to turn those website visitors into clients. Simply put, converting your website visitors into new clients is crucial for lawfirm growth. It is about how you are perceived and represent your lawfirm’s image. The WCAG 2.1
Judicial analytics remains one of the last frontiers of Big Data, a field poised to fundamentally transform the way attorneys practice the law by quantifying the unquantifiable to unimaginable ends. AI-powered judicial analytics emerged from the frustrations of day-to-day life as an attorney. But things are starting to change.
Today brings news that Gavelytics , a seven-year-old litigation analytics company, is closing its doors effective tomorrow. We invented the category of state court analytics. We earned the loyalty of many of the world’s largest lawfirms and insurance companies. We patented multiple elements of our technology.
I am a big fan of litigation analytics, even once suggesting that it could be malpractice for a litigator not to use the technology. Analytics might tell you, for example, that, in intellectual property cases, Judge Smith decides summary judgment motions for plaintiffs 70% of the time. But it only tells you past behavior.
Keeping up on the litigation landscape with AI-powered legal analytics can help cultivate productive and meaningful client relationships. “As As someone who had his own lawfirm, I learned very early on that without clients, you had no business,” says Cole Silver , Chief Client Officer at Blank Rome. Still, it bears repeating.
Today, the lawfirm Eversheds Sutherland and the legal research company Fastcase are releasing what they say is a first-of-its-kind tool designed to assess this risk. “Being able to see with a few clicks, in any jurisdiction across the U.S.,
I say “fortunately” because, as I wrote when last year’s list was announced, the Fastcase 50 is probably the best-available roster of those who are leading the charge on innovation in law. Tim Fox , Director of Practice Intelligence and Data Analytics, Ogletree Deakins. Gordan Glover , Founder, Glover LawFirm.
In this blog post, we’ll explore the role of AI in litigation, the benefits of e-discovery, and its overall impact on lawfirms and clients. Predictive Analytics for Case Strategy and Trial Outcomes Predictive analytics represents a game-changer in litigation strategy.
The legal analytics platform Lex Machina has introduced a “fetch” functionality that allows users to request and retrieve specific documents from state court dockets. Full list of covered courts.) There is no added cost beyond the user’s subscription. The user can fetch a document with a click.
What if a lawyer could know how a judge is likely to rule in a case or how heavy is a judge’s workload? Rick Merrill was a litigator at a large lawfirm who became frustrated over his inability to get meaningful information about the judges before whom he appeared.
A new product uses historical data, artificial intelligence and predictive analytics to value cases and predict outcomes in automobile warranty litigation, with the goal of helping manufacturers resolve Lemon Law and warranty claims more accurately, more quickly, and at lower cost. ” said Siva of FelixHealthcare.ai.
Pre/Dicta , claiming itself the only litigation analytics platform that makes predictions about the outcome of federal lawsuits, announced the acquisition of Gavelytics, a pioneering judicial analytics platform for state court cases. This deal is a major milestone for Pre/Dicta and the entire field of predictive litigation analytics.
The Geek in Review podcast hosts Marlene Gebauer and Greg Lambert interviewed Nicole Clark , CEO of Trellis , about their new LawFirm Intelligence tool (LFI). This tool allows lawfirms to analyze aggregated and normalized state trial court data to gain competitive intelligence across cases, practice areas, and performance.
LawFirm Intelligence by Trellis comes with seven new analytics dashboards, allowing users to filter trial court data by specific metrics like judges, motions grant rates, types of cases or outcomes for a chosen lawfirm.
Appellate Analytics covers nearly 400,000 circuit court cases from all 13 federal circuits, and also includes some 500,000 appellate briefs that Lex Machina has collected. The analytics could also help attorneys estimate timelines and evaluate potential outcomes. Appellate Analytics lets you see a judge’s reversal rate.
Trellis’ new state court analytics tools provide much needed insights into litigators and their lawfirms which will lead to better strategic decisions. But the real value of the tools may be to firm management, especially for large firms with offices in multiple locations. And that’s why Trellis is such a player.
Trellis’ new state court analytics tools provide much needed insights into litigators and their lawfirms which will lead to better strategic decisions. But the real value of the tools may be to firm management, especially for large firms with offices in multiple locations. And that’s why Trellis is such a player.
Below are summaries of the semifinalists, who have been selected by a panel of judges from all applications submitted. AltFee Elevator Pitch: AltFee revolutionizes lawfirm pricing by offering a foundation for alternative fee structures. Another example is our Directory of Alternative Fee Providing LawFirms.
Don't worry, you don't have to answer out loud, and we aren't judging. People are quick to judge, though, especially online. Download free guide What makes a website “good” for a lawfirm? Lawfirm websites aren’t only there to be visually appealing. No pressure, right?
The legal analytics platform Lex Machina , which is owned by LexisNexis, has again expanded its coverage, this time adding a Chapter 11 bankruptcy module that provides legal analytics for over 115,000 Chapter 11 proceedings. Which lawfirms have the most experience representing creditor committees in Chapter 11 bankruptcies?
I reported last summer that the pioneering state litigation analytics company was shutting down. Gavelytics Launched in California in 2017, and became a leading source of state court analytics and had a strong presence across the ALM 100 firms. Pre/Dicta Bringing More than Data to the Analytics Party?
A conversation with former Big-Law lawyer turned tech entrepreneur, Dan Rabinowitz. After stints with lawfirms, the Department of Justice and time as general counsel, Dan tells us how all of that led to the founding of Pre/Dicta.
Predictive Analytics Predictive analytics revolves around using data to make smart guesses about what might happen next. Its a lifesaver for lawfirms or teams dealing with tons of paperwork. For instance, many firms now use chatbots for client intake, saving time by collecting basic information and answering FAQs.
Search engine optimization (SEO) is a crucial part of ensuring your ideal clients find your lawfirm. That’s why it’s a good idea to work with the best lawfirm SEO companies when developing your SEO plan. You can read more about lawfirm SEO in A Guide to SEO Services for LawFirms.
Rigorous security and confidentiality controls provide the trust needed to gain adoption at top lawfirms. Younger associates and paralegals tend to be most enthusiastic about the technology while firm leadership lags. Then I’m sure the judge is saying sorry, doesn’t cut it. Excuse was Sorry, didn’t check it.
The integration is between Docket Alarm , a Fastcase -owned product that mines federal and state court dockets to provide litigation alerts and case-prediction analytics, and Courtroom Insight , a knowledge management platform that captures key information about expert witnesses, arbitrators, judges and attorneys. ”
From all the entries we received, a panel of judges narrowed the applications down to 26, which we posted on Jan. Canotera Canotera provides AI-powered predictive analytics for legal disputes, bringing transparency and efficiency to the legal industry. In October, we issued the call for entries. We received a total of 74,695 votes.
We talk to Nicole Clark, Co-Founder of Trellis, an AI-powered state court research and analytics platform. She was unfamiliar with the judge that would hear the motion so, that night, she sent an email to colleagues at her firm to find out if any of them had been in front of the judge.
From all the entries we received, a panel of judges narrowed the applications down to 26, which we posted on Jan. The first and most awarded ODR platform – used by courts, corporations, lawfirms and more. Targeted at everyone who uses documents: lawfirms, enterprises, ASLPs, corporate legal, startups, and more.
When UniCourt was founded in 2017 to provide access to court data and analytics, APIs were an afterthought, cofounder Josh Blandi now says. The company’s original focus was on building an application to provide lawfirms and others with easy access to federal and state court records.
But lawyers will need to learn new skills: business, analytics, tech, and a range of soft skills. Lawfirms will no longer be the sole provider of legal services In parallel with these changes, the role of law schools will shift. “Most law schools are detached from reality.”
A new product uses historical data, artificial intelligence and predictive analytics to value cases and predict outcomes in automobile warranty litigation, with the goal of helping manufacturers resolve Lemon Law and warranty claims more accurately, more quickly, and at lower cost. ” said Siva of FelixHealthcare.ai.
million pre-seed funding round led by two venture capital firms, Maple , which invests in companies with Canadian roots, and Haystack , which invests in early-stage companies. We’re trying to solve a longstanding problem in the legal field, and that is that judges only write judicial opinions for 3% of rulings,” Ovbiagele said. “So
Reliability of AI Generated Evidence Proposed new Rule 707 aims to address the reliability of AI-generated evidence that is akin to expert testimonyand therefore comes with similar concerns about reliability, analytical error or incompleteness, inaccuracy, bias, and/or lack of interpretability. District Judge Edgardo Ramos of the U.S.
From all the entries we received, a panel of judges narrowed the applications down to 40, which we posted on Jan. Catylex Contract Analytics For businesses that depend on contracts, Catylex Contract Analytics delivers quick answers without reading mountains of paper. In November, we issued a call for entries.
As Sixth Circuit Judge Raymond Kethledge explains (in the interview excerpt below), there are diminishing returns to one’s efforts to be hyper-responsive. What that tells your clients is that you’re an unreflective person who doesn’t do sustained, analytical thinking. But don’t just take my word for it.
Legal recruiting is an important business development tool for lawfirms looking to expand their client roster, build up their practice areas, and open offices in new locations. Successful legal recruiting is key to establishing a solid presence — especially when a firm seeks to establish a new foothold across state lines.
Our Enhanced Reporting turns your team into all-stars in the strategic reporting game with powerful data visualization, custom analytics reporting, granular data filters, seamless software integrations, and top-notch data security. With a few clicks, you can easily compile your chosen legal analytics into a clear, comprehensive report.
Yet despite evidence that video marketing for lawyers is remarkably effective, lawfirms have been slow to use video compared with other industries. And, while a growing number of firms are using video in innovative ways, too often lawyers fail to use video effectively. Research shows that visitors spend an average of 1.4
From all the entries we received, a panel of judges narrowed the applications down to 26, which we posted on Jan. The first and most awarded ODR platform – used by courts, corporations, lawfirms and more. Targeted at everyone who uses documents: lawfirms, enterprises, ASLPs, corporate legal, startups, and more.
From all the entries we received, a panel of judges narrowed down the applications. Note: The ballot was supposed to list 25 companies, but because of a tie in the initial round of voting by judges, 26 companies are listed.). Target customer: In-house legal departments and lawfirm attorneys who serve as outside general counsel.
When UniCourt was founded in 2017 to provide access to court data and analytics, APIs were an afterthought, cofounder Josh Blandi now says. The company’s original focus was on building an application to provide lawfirms and others with easy access to federal and state court records. We’re now an API company,” Blandi said.
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