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Identify Great Customers from Their First Purchase
December 22, 2019
The researchers extracted six variables to represent first-time customers’ acquisition behavior, including whether the purchase was made online or offline, number of items purchased, prices, discounts, whether the purchase was made during a holiday period, and whether the customer purchased a newly released product. With only those six variables, the authors show how the algorithm can better identify future heavy spenders and those who will be most responsive to future email promotions after just...
December 22, 2019
The researchers extracted six variables to represent first-time customers’ acquisition behavior, including whether the purchase was made online or offline, number of items purchased, prices, discounts, whether the purchase was made during a holiday period, and whether the customer purchased a newly released product. With only those six variables, the authors show how the algorithm can better identify future heavy spenders and those who will be most responsive to future email promotions after just...
Cognitive Biases: Urine Tests, Legal Education Neuromyths, and Lawyers
November 28, 2019
There has been a lot published on cognitive biases, legal education, and lawyers over the last couple of months. I decided to write a short article summarizing this material:Cognitive Biases: Urine Tests, Legal Education Neuromyths, and Lawyers. "Over the past few years, I have been studying cognitive biases, and now I see them everywhere. They are pervasive in both our public and private lives. They affect how we see politics, do our jobs, and relate to others. Understanding cognitive...
November 28, 2019
There has been a lot published on cognitive biases, legal education, and lawyers over the last couple of months. I decided to write a short article summarizing this material:Cognitive Biases: Urine Tests, Legal Education Neuromyths, and Lawyers. "Over the past few years, I have been studying cognitive biases, and now I see them everywhere. They are pervasive in both our public and private lives. They affect how we see politics, do our jobs, and relate to others. Understanding cognitive...
How AI Enables Stronger Litigation
November 18, 2019
Although artificial intelligence (AI) has been used in the e-discovery space for more than a decade, the technology is now capable of more complex litigation tasks such as legal research, drafting pleadings, and predicting judicial decisions. These tasks can be completed in a fraction of the time it would take a human to do them. If AI can help lawyers and law firms more quickly process and analyze large amounts of data, and in turn, make the litigation process less expensive,...
November 18, 2019
Although artificial intelligence (AI) has been used in the e-discovery space for more than a decade, the technology is now capable of more complex litigation tasks such as legal research, drafting pleadings, and predicting judicial decisions. These tasks can be completed in a fraction of the time it would take a human to do them. If AI can help lawyers and law firms more quickly process and analyze large amounts of data, and in turn, make the litigation process less expensive,...
Re-engineering justice? Robot judges, computerised courts and (semi) automated legal decision-making
November 10, 2019
This paper takes a sceptical look at the possibility of advanced computer technology replacing judges. Looking first at the example of alternative dispute resolution, where considerable progress has been made in developing tools to assist parties to come to agreement, attention then shifts to evaluating a number of other algorithmic instruments in a criminal justice context. The possibility of human judges being fully replaced within the courtroom strictu sensu is examined, and the various elements...
November 10, 2019
This paper takes a sceptical look at the possibility of advanced computer technology replacing judges. Looking first at the example of alternative dispute resolution, where considerable progress has been made in developing tools to assist parties to come to agreement, attention then shifts to evaluating a number of other algorithmic instruments in a criminal justice context. The possibility of human judges being fully replaced within the courtroom strictu sensu is examined, and the various elements...
vLex Partners to Add 400,000 Blog Posts to Global Research Collection
October 26, 2019
The international legal research service vLex has partnered with the legal blogging company LexBlog to add more than 400,000 law-related blog posts to its collection of legal-research materials, which currently spans some 100 jurisdictions, including the United States. As a result of this partnership, legal researchers using vLex will now have direct access to legal news, insights and analysis from the LexBlog network of more than 23,000 individual bloggers writing on more...
October 26, 2019
The international legal research service vLex has partnered with the legal blogging company LexBlog to add more than 400,000 law-related blog posts to its collection of legal-research materials, which currently spans some 100 jurisdictions, including the United States. As a result of this partnership, legal researchers using vLex will now have direct access to legal news, insights and analysis from the LexBlog network of more than 23,000 individual bloggers writing on more...
Litigation Finance Startup Legalist Raises $100 Million to Fund Lawsuits
October 18, 2019
Legalist, a San Francisco-based litigation finance company started by two Harvard University dropouts and advised by retired 7th U.S. Circuit Court of Appeals Judge Richard Posner, has just raised $100 million, which it will use to fund plaintiffs in 100-200 commercial cases over the next two years. Legalist scrapes federal and state court records and then uses algorithms to predict case outcomes and determine the best cases in which to invest. It invests exclusively in mid-market cases that...
October 18, 2019
Legalist, a San Francisco-based litigation finance company started by two Harvard University dropouts and advised by retired 7th U.S. Circuit Court of Appeals Judge Richard Posner, has just raised $100 million, which it will use to fund plaintiffs in 100-200 commercial cases over the next two years. Legalist scrapes federal and state court records and then uses algorithms to predict case outcomes and determine the best cases in which to invest. It invests exclusively in mid-market cases that...
Presumptive Mediation
October 17, 2019
Is this yet another case in which New York is setting global trends? By the end of the year, the state courts in New York are due to have a system in place requiring that civil and commercial disputes be resolved through presumptive mediation. “Presumptive mediation” means an “automatic”, pre-trial, statewide program of court-sponsored ADR. In this context, the term ADR, and specifically its “alternative” first “A”, sounds increasingly like an oxymoron, as mediation reclaims its central...
October 17, 2019
Is this yet another case in which New York is setting global trends? By the end of the year, the state courts in New York are due to have a system in place requiring that civil and commercial disputes be resolved through presumptive mediation. “Presumptive mediation” means an “automatic”, pre-trial, statewide program of court-sponsored ADR. In this context, the term ADR, and specifically its “alternative” first “A”, sounds increasingly like an oxymoron, as mediation reclaims its central...
The Surprising Benefits – and Risks – of Trash Talk
October 13, 2019
Incredibly, those who had been the targets of trash-talking performed significantly better than those who hadn’t. “That’s interesting because though we tend to think of it as being a way of intimidating another person, and diminishing their performance, what we’re finding is that when you’re the recipient of trash talk, you become extra motivated to outperform your opponent,” says Yip. Oddly, this is the only consequence of the technique that people seem to be able to predict. When...
October 13, 2019
Incredibly, those who had been the targets of trash-talking performed significantly better than those who hadn’t. “That’s interesting because though we tend to think of it as being a way of intimidating another person, and diminishing their performance, what we’re finding is that when you’re the recipient of trash talk, you become extra motivated to outperform your opponent,” says Yip. Oddly, this is the only consequence of the technique that people seem to be able to predict. When...
Comprehensive Study of Reversal Rates in Texas Appeals
September 25, 2019
Haynes and Boone, LLP Partner Kent Rutter and Associate Natasha Breaux have completed a study of all non-criminal...
September 25, 2019
Haynes and Boone, LLP Partner Kent Rutter and Associate Natasha Breaux have completed a study of all non-criminal...
The Great Enrollment Crash
September 22, 2019
Chronicle of Higher Education, The Great Enrollment Crash: Students aren’t showing up. And it’s only going to get worse. ... Higher education has fully entered a new structural reality. You’d be naïve to believe that most colleges will be able to ride out this unexpected wave as we have previous swells. Those who saw modest high-school graduation dips by 2020 as surmountable must now absorb the statistical reality: Things are only going to get worse. As Nathan Grawe has shown,...
September 22, 2019
Chronicle of Higher Education, The Great Enrollment Crash: Students aren’t showing up. And it’s only going to get worse. ... Higher education has fully entered a new structural reality. You’d be naïve to believe that most colleges will be able to ride out this unexpected wave as we have previous swells. Those who saw modest high-school graduation dips by 2020 as surmountable must now absorb the statistical reality: Things are only going to get worse. As Nathan Grawe has shown,...
