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Predictive Analytics
Legal Analytics Are The Successful Insurance Litigator’s Secret Weapon
May 25, 2019
Lex Machina's white paper provides valuable insights into legal cases and trends to help provide better legal advice, develop better litigation strategies, and win more cases. Insurance litigators: Whether you represent policyholders or insurers, whether you’re with a Biglaw firm or a solo practitioner, the Lex Machina white paper Legal Analytics — The Secret Weapon of Successful Insurance Litigators is a must-read, data-driven analysis of the practice landscape. By...
May 25, 2019
Lex Machina's white paper provides valuable insights into legal cases and trends to help provide better legal advice, develop better litigation strategies, and win more cases. Insurance litigators: Whether you represent policyholders or insurers, whether you’re with a Biglaw firm or a solo practitioner, the Lex Machina white paper Legal Analytics — The Secret Weapon of Successful Insurance Litigators is a must-read, data-driven analysis of the practice landscape. By...
The Impact of Artificial Intelligence on Rules, Standards, and Judicial Discretion
May 24, 2019
Artificial intelligence (AI), and machine learning in particular, promises lawmakers greater specificity and fewer errors. Algorithmic lawmaking and judging will leverage models built from large stores of data that permit the creation and application of finely tuned rules. AI is therefore regarded as something that will bring about a movement from standards to rules. Drawing on contemporary data science, this Article shows that machine learning is less impressive when the past is unlike the future,...
May 24, 2019
Artificial intelligence (AI), and machine learning in particular, promises lawmakers greater specificity and fewer errors. Algorithmic lawmaking and judging will leverage models built from large stores of data that permit the creation and application of finely tuned rules. AI is therefore regarded as something that will bring about a movement from standards to rules. Drawing on contemporary data science, this Article shows that machine learning is less impressive when the past is unlike the future,...
Tech-Savvy Firms More Profitable Now, More Prepared for the Future, Finds Survey of U.S. and EU Legal Professionals
May 11, 2019
A survey of 700 lawyers in U.S. and European law firms, legal departments and business-services firms finds that organizations that already leverage technology are better prepared to keep pace with an evolving legal market than those that are just beginning to use technology or that are not doing so at all. In addition, firms that were early adopters of technology were significantly more likely to report higher profitability in the last year than were firms that lagged in technology adoption. These...
May 11, 2019
A survey of 700 lawyers in U.S. and European law firms, legal departments and business-services firms finds that organizations that already leverage technology are better prepared to keep pace with an evolving legal market than those that are just beginning to use technology or that are not doing so at all. In addition, firms that were early adopters of technology were significantly more likely to report higher profitability in the last year than were firms that lagged in technology adoption. These...
How to ‘Own the Anchor’ in Settlements
May 10, 2019
Anchoring occurs in third-party settlement negotiations when one side throws out a number in an effort to influence—or “anchor”—the way the opposing party values a claim. Our experience shows that anchoring directly affects the settlement value of injury claims, so it’s critically important for insurance adjusters to “own the anchor” in negotiations.
May 10, 2019
Anchoring occurs in third-party settlement negotiations when one side throws out a number in an effort to influence—or “anchor”—the way the opposing party values a claim. Our experience shows that anchoring directly affects the settlement value of injury claims, so it’s critically important for insurance adjusters to “own the anchor” in negotiations.
Judicial Analytics Platform Launches for California with $2M in Seed Funding
April 27, 2019
In a December column at Above the Law, I wrote about the growing market of legal technology tools devoted to litigation...
April 27, 2019
In a December column at Above the Law, I wrote about the growing market of legal technology tools devoted to litigation...
Benefits of Data Analysis
April 16, 2019
In order to judge the likely outcome of a case, or the best strategy to pursue, attorneys often rely on the sum of their...
April 16, 2019
In order to judge the likely outcome of a case, or the best strategy to pursue, attorneys often rely on the sum of their...
AI Has Beaten Humans at Lip-reading
April 13, 2019
A pair of new studies show that a machine can understand what you’re saying without hearing a sound. Lip-reading is notoriously difficult, depending as much on context and knowledge of language as it does on visual clues. But researchers are showing that machine learning can be used to discern speech from silent video clips more effectively than professional lip-readers can.
April 13, 2019
A pair of new studies show that a machine can understand what you’re saying without hearing a sound. Lip-reading is notoriously difficult, depending as much on context and knowledge of language as it does on visual clues. But researchers are showing that machine learning can be used to discern speech from silent video clips more effectively than professional lip-readers can.
Swedloff on Regulating Algorithmic Insurance
April 12, 2019
Rick Swedloff (Rutgers Law School) has posted Regulating Algorithmic Insurance on SSRN. Here is the abstract: This article addresses emerging gaps in consumer protection. As is true in other industries, insurers are revolutionizing their practices with artificial intelligence and big data. Insurers are finding new ways to price risks and policies, tailor coverage, offer advice to purchasers, identify fraud, and sequence the payment of claims. Regulators are struggling to keep...
April 12, 2019
Rick Swedloff (Rutgers Law School) has posted Regulating Algorithmic Insurance on SSRN. Here is the abstract: This article addresses emerging gaps in consumer protection. As is true in other industries, insurers are revolutionizing their practices with artificial intelligence and big data. Insurers are finding new ways to price risks and policies, tailor coverage, offer advice to purchasers, identify fraud, and sequence the payment of claims. Regulators are struggling to keep...
UT Law: 41st Annual Corporate Counsel Institute
April 9, 2019
The 41st Annual Corporate Counsel Institute offers in-depth, practical discussions on legal issues for in-house counsel...
April 9, 2019
The 41st Annual Corporate Counsel Institute offers in-depth, practical discussions on legal issues for in-house counsel...
The Revision Bias
April 7, 2019
Things change. Things also get changed—often. Why? The obvious reason is that revising things makes them better. In the current...
April 7, 2019
Things change. Things also get changed—often. Why? The obvious reason is that revising things makes them better. In the current...
