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While the title Process Engineer doesn’t appear on attorney Jeff Dailey’s business card, it probably should. A former Big ...
Artificial intelligence (AI), machine learning, predictive analytics, big data—those aren’t buzz words. They’re real technologies that are helping law firms, lawyers and other folks in the legal profession gain unprecedented data-driven insight into their research.
At the center of these new legal technologies is the Lexis Analytics™ suite, a powerful set of legal data analytics tools that represent the leading edge of the legal research market.
Analytics is blanket term for a technology built on a platform of detailed data analysis. By looking at massive data sets, humans (aided by machines) are able to spot trends, mitigate risk, predict outcomes and gain valuable insight into processes.
An entire industry has grown around business analytics software, and now the technology has the potential to transform the legal industry. For a legal team, that could mean things like predicting a motion outcome, a settlement amount or the time it takes to reach a decision—in other words, the technology uses data to help lawyers build a strong case strategy or analyze legal claims.
Learn more about legal analytics here and familiarize yourself with some industry jargon and buzz words with this list of Eight Legal Analytics Terms You Should Know.
Conduct a more powerful search when you incorporate the machine-learning power and intuitive visualization tools with data-driven resources from LexisNexis®.
At its core, the Lexis service is a powerful legal research tool. To help attorneys and paralegals sort through the mammoth amount of content in the LexisNexis legal database, Lexis has several built-in analytical capabilities.
• Spot trends, uncover related subjects and link cases using the leading-edge Ravel™ View visualization tool.• Find relevant results faster and quickly get to the information you want thanks to the Search Term Maps feature.
Read more about the Lexis service here
Want to see if it’s worth it to take-on a new case? Using this Verdict & Settlement Analyzer tool, you’ll be able to uncover what awards similar cases received and how long it took to reach a resolution. That way, you can determine if it makes financial sense for you to pursue the case.
• See clear visualizations that help you make informed decisions based on actual and “what-if” scenarios.• Predict trends, identify patterns and review cases from every angle to improve case assessment.
Read more about LexisNexis Verdict & Settlement Analyzer here
You can use Context to scour millions of documents using leading-edge language analytics to pinpoint precise court language. Then you can use that same language to help craft your own argument. It also delivers key background intel on witnesses and judges.
• Craft your arguments with key phrases that specific judge has used in the past.• Learn how your expert’s testimony will fare under scrutiny or prepare for an opposing witness.
Read more about Context here
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