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If you’ve ever sat across the table at a settlement negotiation wishing you knew how similar cases had resolved, you’re not alone. That’s exactly the challenge Lex Machina and Lexis Verdict & Settlement Analyzer were built to solve.
Litigators, insurers, and corporate legal teams are under increasing pressure to harness data for liability risk assessment, claim valuation, settlement negotiations, and more. LexisNexis® provides legal and insurance professionals with the broadest view of how recent cases like their own have resolved in terms of days, dollars, and details. With the leading collection of outcome analytics for civil litigation, Lex Machina® and Lexis® Verdict & Settlement Analyzer provide customers with exclusive insights to develop winning strategies based on historical patterns.
Lex Machina, the LexisNexis Legal Analytics® platform, harnesses the power of AI-assisted attorney review to convert litigation dockets and filings into actionable insights.
With exclusive data on thousands of judges, parties, attorneys, firms, and expert witnesses gleaned from over 45 million documents across more than 10 million cases, Lex Machina reveals patterns in case outcomes, judicial behaviors, jury sympathies, and counsel performances across practice areas, venues, industries, and more.
Insights that are only available in Lex Machina allow legal teams to understand recent litigation patterns, including but not limited to:
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By converting raw litigation data into comprehensive analytics, Lex Machina fills the gap of missing case details and highlights trends that are pivotal for legal and insurance professionals to assess liability risks.
Lexis Verdict & Settlement Analyzer hosts the largest collection of data for trial verdicts and negotiated settlements in civil cases, with details and dollar-figures summarizing how more than 1.6 million civil cases in US states and federal courts resolved.
Data exclusively available in Lexis Verdict & Settlement Analyzer include:
Lexis Verdict & Settlement Analyzer also boasts a powerful suite of pre-search and post-search filters. Legal professionals can sift through data based on a variety of parameters, including specific filters tailored to 500 types of injury. This detailed filtering capability saves professionals time by allowing them to focus quickly on data relevant to their circumstances.
Traditionally, appraising the value of a civil claim relied on subjective assessments informed by small sample sizes. Now, with Lex Machina, a professional can assess with greater accuracy and precision:
Using Lexis Verdict & Settlement Analyzer, customers can also quickly ascertain:
These powerful data points collectively enable companies and law firms to negotiate from the greatest position of strength. Historical financial data coupled with detailed litigation analytics allows professionals to craft data-driven offers and demands, thereby improving their leverage in settlement negotiations as well as their precision for budget forecasts.
By combining the capabilities of Lex Machina and Verdict & Settlement Analyzer, legal teams can realistically evaluate liability exposure through a well-rounded perspective. From the moment a claim is initiated, companies and law firms have access to vital information that equips them to assess liability exposure. Together, Lex Machina and Lexis Verdict & Settlement Analyzer allow legal and insurance professionals to assess liability risks, value claims, and negotiate settlements with greater confidence.
Request a complimentary demonstration of Lex Machina and customized analytics report at LexisNexis.com/LexMachina.
Request a complimentary demonstration and trial of Lexis Verdict & Settlement Analyzer here.