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Predictive Analytics
Forget Fantasy Football, Try Fantasy SCOTUS
October 22, 2014
Three law professors created a model they say can correctly predict 70 percent of Supreme Court decisions given only data known at the time of the case. Now that they've honed their model, they want to know if man can beat machine. They set up a Fantasy SCOTUS league, which is free to join. Participants in Fantasy SCOTUS will predict all the cases in this term's Supreme Court docket, given the same information as the algorithm, and the winner will be declared at the end. The human with the most...
October 22, 2014
Three law professors created a model they say can correctly predict 70 percent of Supreme Court decisions given only data known at the time of the case. Now that they've honed their model, they want to know if man can beat machine. They set up a Fantasy SCOTUS league, which is free to join. Participants in Fantasy SCOTUS will predict all the cases in this term's Supreme Court docket, given the same information as the algorithm, and the winner will be declared at the end. The human with the most...
10 Predictions About How IBM’s Watson Will Impact the Legal Profession
October 21, 2014
As part of its thoughtful launch to deliver Watson’s cognitive computing capabilities through services, IBM has begun to partner with different companies in different fields, including law. (Full disclosure—Legal OnRamp is working with IBM on Watson with help from Dan.) This is an interesting go-to-market approach for IBM, to create an ecosystem around a nascent technology, with analogues to Google search or Apple’s iTunes (or for the true aficionados, to Salesforce’s Appforce). Many imagine...
October 21, 2014
As part of its thoughtful launch to deliver Watson’s cognitive computing capabilities through services, IBM has begun to partner with different companies in different fields, including law. (Full disclosure—Legal OnRamp is working with IBM on Watson with help from Dan.) This is an interesting go-to-market approach for IBM, to create an ecosystem around a nascent technology, with analogues to Google search or Apple’s iTunes (or for the true aficionados, to Salesforce’s Appforce). Many imagine...
Lex Machina Out With Legal Analytics for Big Pharma
October 17, 2014
Drug manufacturers and their counsel get legal analytics for litigation in new drug applications Lex Machina, a provider...
October 17, 2014
Drug manufacturers and their counsel get legal analytics for litigation in new drug applications Lex Machina, a provider...
Solving Legal Problems Will Take Multidisciplinary Help, Says Richard Susskind
October 16, 2014
Asked how legal issues may change under the influence of technology, Richard Susskind, a futurist for the legal profession, sees lawyers’ roles as being part of a solution, but not the solution itself. Lawyers “have to stop thinking of problems as only legal,” Susskind told attendees of the Clio Cloud Conference 2014 in Chicago on Monday. Working on a new book with his son, Susskind said, he is coming to believe that problems must be solved in a “multidisciplinary” fashion involving...
October 16, 2014
Asked how legal issues may change under the influence of technology, Richard Susskind, a futurist for the legal profession, sees lawyers’ roles as being part of a solution, but not the solution itself. Lawyers “have to stop thinking of problems as only legal,” Susskind told attendees of the Clio Cloud Conference 2014 in Chicago on Monday. Working on a new book with his son, Susskind said, he is coming to believe that problems must be solved in a “multidisciplinary” fashion involving...
Increasing Stat Analysis in Lower Courts
October 13, 2014
Analytics is a multidiscipline approach to identifying meaningful patterns in data for the purposes of quantifying performance and predicting outcomes. In short, analytics could eventually change the way lawyers litigate. The professional sports industry provides a quick example of the manner in which analytics are used to obtain a competitive advantage. One of the most interesting developments involves the use of player tracking systems to evaluate individual performances in free-flowing team...
October 13, 2014
Analytics is a multidiscipline approach to identifying meaningful patterns in data for the purposes of quantifying performance and predicting outcomes. In short, analytics could eventually change the way lawyers litigate. The professional sports industry provides a quick example of the manner in which analytics are used to obtain a competitive advantage. One of the most interesting developments involves the use of player tracking systems to evaluate individual performances in free-flowing team...
IBM Launches Watson Tool for Business Clients
October 12, 2014
IBM is rolling out a cognitive tool powered by its Watson supercomputer that uses companies’ internal data to answer questions about performance and efficiency and predict outcomes. IBM said the tool — the latest in a series of Watson products — will make more widely available data analytics capabilities long reserved for research scientists. The move is part of IBM’s effort to shift resources away from a slumping hardware sector into more profitable fields like cloud computing and analytics. In...
October 12, 2014
IBM is rolling out a cognitive tool powered by its Watson supercomputer that uses companies’ internal data to answer questions about performance and efficiency and predict outcomes. IBM said the tool — the latest in a series of Watson products — will make more widely available data analytics capabilities long reserved for research scientists. The move is part of IBM’s effort to shift resources away from a slumping hardware sector into more profitable fields like cloud computing and analytics. In...
5 Reasons to Read “Big Data Analytics for Dummies”
October 11, 2014
Wikipedia describes “Big Data” as a broad term “for any collection of data sets so large and complex that it becomes difficult to process using on-hand data management tools or traditional data processing applications.” Forbes identified these “5 Things Managers Should Know About The Big Data Economy” which are great reasons to read IBM’s Dummies book: 1. We Now Create Knowledge Without Expertise 2. We Can Attain “Scale Without Mass” 3. Data Is The New Capital 4. Privacy Will...
October 11, 2014
Wikipedia describes “Big Data” as a broad term “for any collection of data sets so large and complex that it becomes difficult to process using on-hand data management tools or traditional data processing applications.” Forbes identified these “5 Things Managers Should Know About The Big Data Economy” which are great reasons to read IBM’s Dummies book: 1. We Now Create Knowledge Without Expertise 2. We Can Attain “Scale Without Mass” 3. Data Is The New Capital 4. Privacy Will...
FTC Enlists Hackers to Zap Robocallers
October 10, 2014
The Federal Trade Commission held a contest at hacking convention DEF CON22 in Las Vegas this month, calling on participants to help the agency combat illegal, prerecorded telemarketing calls known as robocalls. The contest asked designers to create something called a “honeypot,” an information system designed to attract robocallers, and help law enforcement research and gain insight into robocalling tactics, according to a recent release. The “Zapping Rachel” contest attracted a total of 60 teams...
October 10, 2014
The Federal Trade Commission held a contest at hacking convention DEF CON22 in Las Vegas this month, calling on participants to help the agency combat illegal, prerecorded telemarketing calls known as robocalls. The contest asked designers to create something called a “honeypot,” an information system designed to attract robocallers, and help law enforcement research and gain insight into robocalling tactics, according to a recent release. The “Zapping Rachel” contest attracted a total of 60 teams...
State Supreme Court Judicial Elections & Tort Decisions
October 9, 2014
A growing body of research, particularly in political science, assesses possible relations between how state court judges are elected and retained and case outcomes. Building off prior work finding relations in such hot-button areas as capital punishment an abortion, in Supreme Court Elections and Tort Law Decisions Herbert Kritzer (Minn.) extends this inquiry into the area of tort reform. Drawing on more than "38,000 votes by justices on state courts of last resort compiled by the State Supreme...
October 9, 2014
A growing body of research, particularly in political science, assesses possible relations between how state court judges are elected and retained and case outcomes. Building off prior work finding relations in such hot-button areas as capital punishment an abortion, in Supreme Court Elections and Tort Law Decisions Herbert Kritzer (Minn.) extends this inquiry into the area of tort reform. Drawing on more than "38,000 votes by justices on state courts of last resort compiled by the State Supreme...
“Why Nudge? The Politics of Libertarian Paternalism” by Sunstein
October 8, 2014
The Legal Theory Bookworm recommends Why Nudge?: The Politics of Libertarian Paternalism (The Storrs Lectures Series) by Cass Sunstein. Here is a description: Based on a series of pathbreaking lectures given at Yale University in 2012, this powerful, thought-provoking work by national best-selling author Cass R. Sunstein combines legal theory with behavioral economics to make a fresh argument about the legitimate scope of government, bearing on obesity, smoking, distracted driving, health care,...
October 8, 2014
The Legal Theory Bookworm recommends Why Nudge?: The Politics of Libertarian Paternalism (The Storrs Lectures Series) by Cass Sunstein. Here is a description: Based on a series of pathbreaking lectures given at Yale University in 2012, this powerful, thought-provoking work by national best-selling author Cass R. Sunstein combines legal theory with behavioral economics to make a fresh argument about the legitimate scope of government, bearing on obesity, smoking, distracted driving, health care,...
