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Predictive Analytics
Ex Machina: Analytical platforms, Law and the Challenges of Computational Legal Science
May 20, 2018
Abstract: Over the years, computation has become a fundamental part of the scientific practice in several research fields that goes far beyond the boundaries of natural sciences. Data mining, machine learning, simulations and other computational methods lie today at the hearth of the scientific endeavour in a growing number of social research areas from anthropology to economics. In this scenario, an increasingly important role is played by analytical platforms: integrated environments allowing researchers...
May 20, 2018
Abstract: Over the years, computation has become a fundamental part of the scientific practice in several research fields that goes far beyond the boundaries of natural sciences. Data mining, machine learning, simulations and other computational methods lie today at the hearth of the scientific endeavour in a growing number of social research areas from anthropology to economics. In this scenario, an increasingly important role is played by analytical platforms: integrated environments allowing researchers...
Largest Litigation Finance Firm Builds Out Team
May 19, 2018
Burford Capital — the largest litigation finance firm by assets under management — has hired two new managing directors focused on deal sourcing and marketing, the firm announced Monday. David Perla and Greg McPolin began at the New York City-based Burford Capital on Monday. Both previously worked at Pangea3, a legal process outsourcer that Perla founded in 2004. At Burford, he has been tasked with overseeing deal origination and marketing globally. Litigation finance, a fairly young investment...
May 19, 2018
Burford Capital — the largest litigation finance firm by assets under management — has hired two new managing directors focused on deal sourcing and marketing, the firm announced Monday. David Perla and Greg McPolin began at the New York City-based Burford Capital on Monday. Both previously worked at Pangea3, a legal process outsourcer that Perla founded in 2004. At Burford, he has been tasked with overseeing deal origination and marketing globally. Litigation finance, a fairly young investment...
Dothan on Tit for Tat and Uncertainty
May 16, 2018
Shai Dothan (University of Copenhagen - iCourts - Centre of Excellence for International Courts) has posted When Immediate...
May 16, 2018
Shai Dothan (University of Copenhagen - iCourts - Centre of Excellence for International Courts) has posted When Immediate...
Zamir on Behavioral Foundations of Standard Economic Analysis
May 15, 2018
Eyal Zamir (Hebrew University of Jerusalem - Faculty of Law) has posted Reinforcing Law and Economics: Behavioral Support for the Predictions of Standard Economic Analysis on SSRN. Here is the abstract: Economic analysis has had a powerful influence on legal theory and policymaking. Based on the premise that people are rational maximizers of their own utility, economic analysis has a fairly successful record in correctly predicting human behavior in all spheres of life. This success is puzzling,...
May 15, 2018
Eyal Zamir (Hebrew University of Jerusalem - Faculty of Law) has posted Reinforcing Law and Economics: Behavioral Support for the Predictions of Standard Economic Analysis on SSRN. Here is the abstract: Economic analysis has had a powerful influence on legal theory and policymaking. Based on the premise that people are rational maximizers of their own utility, economic analysis has a fairly successful record in correctly predicting human behavior in all spheres of life. This success is puzzling,...
A Spectrum of Tools to Support Litigation Risk Assessment: Promise and Limitations
May 15, 2018
A common theme for legal futurists is the call for legal professionals to take leadership in the world's rapidly changing...
May 15, 2018
A common theme for legal futurists is the call for legal professionals to take leadership in the world's rapidly changing...
What Tennis Can Teach Us About Technology
May 13, 2018
We live in a time of relentless technological change. These case studies help explain why such change is so unsettling. Our inventions aren’t just altering the competitive landscape—they are doing so in completely unpredictable ways. Those older tennis players probably thought the oversize racket would help them compete with younger players, compensating for their slight decline in athleticism and speed. They were wrong. And the cascade of unexpected consequences never stops; when it comes...
May 13, 2018
We live in a time of relentless technological change. These case studies help explain why such change is so unsettling. Our inventions aren’t just altering the competitive landscape—they are doing so in completely unpredictable ways. Those older tennis players probably thought the oversize racket would help them compete with younger players, compensating for their slight decline in athleticism and speed. They were wrong. And the cascade of unexpected consequences never stops; when it comes...
AI-Powered Contract Review Platform LawGeex Raises $12 Million in New Funding
May 12, 2018
LawGeex, a company whose product uses artificial intelligence to help in-house legal teams automate the review and approval of everyday contracts, is today announcing the closing of a $12 million Series B funding round led by venture capital fund Aleph. This investment brings the total funding for LawGeex to $21.5 million. In March 2017, LawGeex raised $7 million. Previous investors, including Lool Ventures, also participated in this round. This news follows several recent...
May 12, 2018
LawGeex, a company whose product uses artificial intelligence to help in-house legal teams automate the review and approval of everyday contracts, is today announcing the closing of a $12 million Series B funding round led by venture capital fund Aleph. This investment brings the total funding for LawGeex to $21.5 million. In March 2017, LawGeex raised $7 million. Previous investors, including Lool Ventures, also participated in this round. This news follows several recent...
How Legal Technology Algorithms Might Lead to Attorney “Skills Fade”
May 12, 2018
There's an interesting article by Professor Brian Sheppard (Seton Hall) in the March issue of Thomson Reuters' Practice Innovations newsletter that discusses the phenomenon of "skill fade" which occurs when workplace technologies replace human decision-making. By way of example, Professor Sheppard notes that several studies have shown that the use of autopilot technology for commercial flights can lead to a decline in pilot skill. Professor Sheppard then hypothesizes about whether the same could...
May 12, 2018
There's an interesting article by Professor Brian Sheppard (Seton Hall) in the March issue of Thomson Reuters' Practice Innovations newsletter that discusses the phenomenon of "skill fade" which occurs when workplace technologies replace human decision-making. By way of example, Professor Sheppard notes that several studies have shown that the use of autopilot technology for commercial flights can lead to a decline in pilot skill. Professor Sheppard then hypothesizes about whether the same could...
The Evil Eye: Eye Gaze and Competitiveness in Social Decision Making
May 9, 2018
We demonstrate that a person’s eye gaze and his/her competitiveness are closely intertwined in social decision making....
May 9, 2018
We demonstrate that a person’s eye gaze and his/her competitiveness are closely intertwined in social decision making....
Managing a Law Practice in the Age of Intelligent Machines
May 6, 2018
Managing a Law Practice in the Age of Intelligent Machines represents my attempt to speak to those lawyers who are perplexed by the number of things they are reading and hearing about law office automation and artificial intelligence replacing lawyers. That can happen and I cite one example where it has happened already. But many, hopefully most, lawyers will be using automation and AI to better serve their clients. I hoped to provide a general framework of when automation makes sense and how the law evolves...
May 6, 2018
Managing a Law Practice in the Age of Intelligent Machines represents my attempt to speak to those lawyers who are perplexed by the number of things they are reading and hearing about law office automation and artificial intelligence replacing lawyers. That can happen and I cite one example where it has happened already. But many, hopefully most, lawyers will be using automation and AI to better serve their clients. I hoped to provide a general framework of when automation makes sense and how the law evolves...
