As law firms start to see the benefits of integrating analytics into business practices, McMillan and IBM look to collaborate on ways to expand analytics into the legal marketplace.
Canadian law firm McMillan announced today a new partnership with IBM to develop an analytic insights platform for the firm to review internal data about cost and resource management.
The platform will use fundamental structures drawn from IBM’s statistical package SPSS, which allows manipulation and analysis of data, along with IBM Cloud storage to derive insights about the accuracy of cost estimates, time spent and staffing for its various legal services.
McMillan executives say that the partnership is part of a broad effort to set a new standard for technology integration in the law firm’s business practices, as well as to open doors to collaborative learning with IBM.
