Lex Machina and Courtroom Insight are collaborating to provide integrated Legal Analytics by enabling legal professionals to incorporate Lex Machina’s ...
Courts have seen a general slow-down in securities cases across the board over 2021 and 2022, including in shareholder derivative cases, cryptocurrency ...
Chapter 11 bankruptcy proceedings in 2021 dropped to the lowest number in a decade; case filing trends revealed the disparate effects of the pandemic on ...
Menlo Park, CA — Lex Machina, a LexisNexis company, today releases its Surety Bond Litigation Report. The report examines trends in surety bond litigation, which are comprised of bonded construction contracts in which either (1) an obligee is claiming against a construction bond or a Miller Act bond, (2) a principal or obligee is asserting a breach of construction contract claim, or (3) a surety is alleging a breach of indemnity agreement against the principal and its indemnitors. It focuses on the five-year period from 2017 to 2021 and surveys emerging trends in case filings, venues, judges, law firms, parties, timing metrics, case resolutions, findings, and damages. The report often focuses on different sets of data, e.g., filtering cases in order to provide analytics on cases with claims under the Miller Act.
“We’re excited to release this report, which is significant in two key ways,” said Kristal Mendoza-Bautista, Lex Machina's surety bond legal data expert and editor of the report. “One, it highlights data and analytics from one of our newest federal practice areas. Two, the insights themselves were intriguing - we could see the effect of various events on case filing trends, and we could see the predominance of specific insurance companies and counsel in the lists of the most active parties and law firms.”
Findings from the report include:
Lex Machina’s reports and software enable practitioners to devise data-driven litigation strategies. The metrics in this report can help readers decide who to pursue as clients, whether to file a particular motion, or when to settle (and for how much). This research supplements traditional legal research and anecdotal data for a competitive edge in court.
Register here for a copy of the report: https://pages.lexmachina.com/2022SuretyBondReport_LP.html
Surety Bond Litigation Report Webcast Lex Machina is hosting a webcast to discuss the report on December 8, 2022 at noon ET/9am PT with John Fouhy (Senior Surety Counsel at Travelers Insurance), Kristal Mendoza-Bautista (Lex Machina’s Legal Data Expert in Surety Bond Litigation), and Aria Nejad (Lex Machina’s in-house counsel). Register for the event or view a recording: https://pages.lexmachina.com/2022-Surety-Bond-Report-Webcast_LP.html
About LexisNexis Legal & Professional LexisNexis Legal & Professional® provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 10,500 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
About Lex Machina Lex Machina fundamentally changes how companies and law firms compete in the business and practice of law. The company provides strategic insights on judges, lawyers, law firms, parties, and other critical information across 20 federal practice areas and a rapidly growing number of state courts. Lex Machina allows law firms and companies to predict the behaviors and outcomes that different legal strategies will produce, enabling them to win cases and close business. Lex Machina was named “Greater Bay Area Top Workplaces 2022” (The San Francisco Chronicle Top Workplaces in the Bay Area 2022), “Legal Tech Company of the Year 2021" (CIO Review, 2021), “2021 Legal Technology Trailblazer” (National Law Journal Trailblazer Awards, 2021), Winner of the “Media Excellence” Award for Analytics/Big Data (13th Annual Media Excellence Award, 2021). Based in Silicon Valley, Lex Machina is part of LexisNexis, a leading global provider of legal, regulatory, and business information and analytics. For more information, please visit www.lexmachina.com.
For any media-related inquiries, email LNG-NYC-LNemail@example.com. Please include your name, media organization, topic of your story, deadline, and the best way for us to contact you.