At LegalTech, one of the more interesting panels featured Dan Katz of ReInvent Law and Josh Becker of Lex Machina. I tweeted several of Josh’s slides, which offer some of the key capabilities of Lex Machina’s data analytics platform.

First, Lex can measure the rates at which different firms (names redacted for the presentation) can settle cases. This is very valuable information. If a company receives a demand letter from a firm that always settles out, and never litigates, that letter may be ignored. Or, if a firm never settles, a company may brace itself for litigation if settlement talks do not pan out.

@LexMachina measures rates that different firms settle cases #ltnypic.twitter.com/0lYsY0ZtVB

— Josh Blackman (@JoshMBlackman) February 6, 2014

More important than whether a firm settles, is when a firm settles. If firms never settle right away, but tend to settle after specific junctures in the litigation cycle, the opposing firm can use that intelligence to time their settlement offers.

@LexMachina measures at what stages of litigation firms settle #ltnypic.twitter.com/Iy6CKlQefh

— Josh Blackman (@JoshMBlackman) February 6, 2014

Lex also breaks down out various patent cases turn out.

@LexMachina breaks down outcome of patent cases #ltnypic.twitter.com/YPoV4uE6UC

— Josh Blackman (@JoshMBlackman) February 6, 2014

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At LegalTech, one of the more interesting panels featured Dan Katz of ReInvent Law and Josh Becker of Lex Machina. I tweeted...