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Predictive Analytics
What Might Artificial Intelligence Mean For Alternative Dispute Resolution?
September 24, 2018
Artificial Intelligence (AI), the notion that computerised systems can replace human thought processes and interactions, continues to gain traction in all areas of life including the legal profession and in particular in the field of dispute resolution. Lex Machina, a Data-mining computer programme created at Stanford University in 2006, has been used to look for patterns to help with predicting the progress of cases in the US. In November 2017 there were news headlines about ‘Case Cruncher...
September 24, 2018
Artificial Intelligence (AI), the notion that computerised systems can replace human thought processes and interactions, continues to gain traction in all areas of life including the legal profession and in particular in the field of dispute resolution. Lex Machina, a Data-mining computer programme created at Stanford University in 2006, has been used to look for patterns to help with predicting the progress of cases in the US. In November 2017 there were news headlines about ‘Case Cruncher...
Texas Statewide Civil and Family Case Filings and Dispositions
September 20, 2018
Civil and family court filings in Texas have remained relatively stable during the seven full calendar year period since the Texas Office of Court Administration (OCA) started compiling data from district and county clerks in its current form: http://card.txcourts.gov/default.aspx. These graphs are captured from a website (www.CourtStatPack.com) we created to interactively display that data in easily customizable charts. New civil and family filings are stable over the OCA reporting period. The...
September 20, 2018
Civil and family court filings in Texas have remained relatively stable during the seven full calendar year period since the Texas Office of Court Administration (OCA) started compiling data from district and county clerks in its current form: http://card.txcourts.gov/default.aspx. These graphs are captured from a website (www.CourtStatPack.com) we created to interactively display that data in easily customizable charts. New civil and family filings are stable over the OCA reporting period. The...
Report: Amazon Could Tackle Claims Management Next
September 20, 2018
Amazon has become the go-to for online shopping, it’s foray into digital entertainment has been equally successful. Imagine if the online retailer were to offer insurance services. One company has – Altus Consulting, based in the UK – explored how the retail giant could disrupt the insurance industry. The report, released earlier this year, revealed the Seattle-based firm was recruiting for a product manager position and it had attempted to poach some employees from Lemonade. Signs that...
September 20, 2018
Amazon has become the go-to for online shopping, it’s foray into digital entertainment has been equally successful. Imagine if the online retailer were to offer insurance services. One company has – Altus Consulting, based in the UK – explored how the retail giant could disrupt the insurance industry. The report, released earlier this year, revealed the Seattle-based firm was recruiting for a product manager position and it had attempted to poach some employees from Lemonade. Signs that...
It’s Hard To Let Go!
September 19, 2018
One of the hardest things about settling a lawsuit is for the parties to let go. They have spent all this time and energy (mental and emotional) as well as money on it over a period of months (if not years) and now, in the face of an offer to settle that is less than they had hoped for, they are faced with the choice of settling or moving forward towards a trial that they may not win. In other words, they might be “throwing good money after bad”. Many of us feel that we should keep moving...
September 19, 2018
One of the hardest things about settling a lawsuit is for the parties to let go. They have spent all this time and energy (mental and emotional) as well as money on it over a period of months (if not years) and now, in the face of an offer to settle that is less than they had hoped for, they are faced with the choice of settling or moving forward towards a trial that they may not win. In other words, they might be “throwing good money after bad”. Many of us feel that we should keep moving...
Why Ethical People Become Unethical Negotiators
September 18, 2018
You may think you are an ethical person, but self-interest can cloud your judgment when you sit down at the bargaining table, says Max Bazerman. With profit and greed driving the desire to deceive, it’s not surprising that negotiators often act unethically. But it’s too simplistic to think people always enter a negotiation looking to dupe the other side. Sometimes negotiators stretch the truth unintentionally, falling prey to what Bazerman and his colleagues call “bounded ethicality”...
September 18, 2018
You may think you are an ethical person, but self-interest can cloud your judgment when you sit down at the bargaining table, says Max Bazerman. With profit and greed driving the desire to deceive, it’s not surprising that negotiators often act unethically. But it’s too simplistic to think people always enter a negotiation looking to dupe the other side. Sometimes negotiators stretch the truth unintentionally, falling prey to what Bazerman and his colleagues call “bounded ethicality”...
Lex Machina’s 2018 Securities Litigation Report Reveals Securities Litigation Is at an All-Time High
September 17, 2018
New case filings have increased, but fewer cases proceed to trial as more defendants win by judgment on the pleadings Among its key findings, the report reveals that during the 18 months following the nomination of Jay Clayton as SEC Chairman in January 2017, securities case filings were at an all-time high (2,622 cases — a 60% increase over the prior 18 months) with Q1 2018 recording the most case filings to date (485 cases). During the same period, plaintiff losses on judgments...
September 17, 2018
New case filings have increased, but fewer cases proceed to trial as more defendants win by judgment on the pleadings Among its key findings, the report reveals that during the 18 months following the nomination of Jay Clayton as SEC Chairman in January 2017, securities case filings were at an all-time high (2,622 cases — a 60% increase over the prior 18 months) with Q1 2018 recording the most case filings to date (485 cases). During the same period, plaintiff losses on judgments...
Hylton on Information Costs and Civil Litigation
September 16, 2018
Keith Hylton has posted to SSRN Information Costs and the Civil Justice System. The abstract provides: Litigation is costly because information is not free. Given that information is costly and perfect information prohibitively costly, courts will occasionally err. Finally, the fact that information is costly implies an unavoidable degree of informational asymmetry between disputants. This paper presents a model of the civil justice system that incorporates these features of the real world and probes...
September 16, 2018
Keith Hylton has posted to SSRN Information Costs and the Civil Justice System. The abstract provides: Litigation is costly because information is not free. Given that information is costly and perfect information prohibitively costly, courts will occasionally err. Finally, the fact that information is costly implies an unavoidable degree of informational asymmetry between disputants. This paper presents a model of the civil justice system that incorporates these features of the real world and probes...
IBM’s Watson A.I. Seems to be Losing its Battle with Cancer
September 15, 2018
Can Watson cure cancer? That’s what International Business Machines Corp. IBM -0.20% asked soon after its artificial-intelligence system beat humans at the quiz show “Jeopardy!” in 2011. Watson could read documents quickly and find patterns in data. Could it match patient information with the latest in medical studies to deliver personalized treatment recommendations? “Watson represents a technology breakthrough that can help physicians improve patient outcomes,” said Herbert...
September 15, 2018
Can Watson cure cancer? That’s what International Business Machines Corp. IBM -0.20% asked soon after its artificial-intelligence system beat humans at the quiz show “Jeopardy!” in 2011. Watson could read documents quickly and find patterns in data. Could it match patient information with the latest in medical studies to deliver personalized treatment recommendations? “Watson represents a technology breakthrough that can help physicians improve patient outcomes,” said Herbert...
Mediator Don Philbin Again Recognized by Best Lawyers in America, Super Lawyers, and Who’s Who Legal
September 11, 2018
Attorney-Mediator Don Philbin has again been recognized in: Best Lawyers in Mediation and Arbitration (since 2007) ...
September 11, 2018
Attorney-Mediator Don Philbin has again been recognized in: Best Lawyers in Mediation and Arbitration (since 2007) ...
Chevron Launching Predictive Maintenance to Oil Fields, Refineries
September 9, 2018
Working with Internet of Things services from Microsoft Corp., Chevron aims to enable thousands of pieces of equipment with...
September 9, 2018
Working with Internet of Things services from Microsoft Corp., Chevron aims to enable thousands of pieces of equipment with...
