Utilizing Litigation Analytics Is Now ‘Desk Stakes,’ Lex Machina Survey Finds

Means again in 2018, as an rising variety of authorized expertise firms had been launching litigation analytics merchandise, I wrote in regards to the development in a publish on Above the Legislation, the place I posited that it might sometime be malpractice for a lawyer not to make use of analytics.

Now, a survey out at present from Lex Machina, one of many unique authorized analytics firms, concludes that utilizing analytics have turn out to be “desk stakes” for litigation.

The survey finds that seven out of 10 authorized professionals use authorized analytics of their day-to-day work, and that 79% imagine that the usage of authorized analytics is required by or anticipated by their shoppers.

“The survey outcomes present that authorized analytics is a vital, crucial element of efficient litigation follow and enterprise growth,” stated Karl Harris, CEO of Lex Machina, which is owned by LexisNexis. “It’s closely anticipated by shoppers, and it has demonstrated nice worth to customers in each litigation and enterprise technique. It’s no shock that two-thirds of respondents indicated they wish to combine authorized analytics instantly into their workflow.”

The survey of 400 authorized professionals, which included each Lex Machina clients and non-customers, discovered:

  • Utilization is widespread, with almost seven out of 10 authorized professionals utilizing analytics daily.
  • Customers discover worth, with 99% of customers saying they discover authorized analytics to be worthwhile.
  • Non-users understand worth, with 85% of those that don’t frequently use analytics saying they imagine they’re worthwhile.
  • Observe is enhanced, with 66% of customers believing that analytics makes them higher and extra knowledgeable attorneys.
  • Purchasers predict it, with 79% of customers reporting that their shoppers require or considerably anticipate authorized analytics.
  • There may be demand for APIs, with 67% of customers desirous to combine authorized analytics with different knowledge inside their organizations.

Legislation companies are utilizing litigation analytics in two major areas, in accordance with the survey: within the follow of regulation and in enterprise growth and advertising and marketing.

On the regulation follow aspect, the most typical use (79%) is for analyzing litigation knowledge to achieve aggressive insights on judges, events and opposing counsel.

Litigators are additionally utilizing it for case evaluation (66%), case technique (63%), predicting outcomes (48%), and enhancing briefs or arguments (45%).

On the enterprise aspect, 75% of respondents stated they use analytics when pitching or demonstrating experience to shoppers. In addition they use analytics for aggressive intelligence and to cost bids and providers.


Añadir un comentario

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *