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Predictive Analytics
Legal Technology Spend at $3bn and Growing
February 29, 2016
The five key findings or market trends are: increasing number of attorneys; increasing matter volumes (more work); margin compression (for law firms); and the move from outside counsel to in-house counsel for corporations. Unless I missed something, which is always possible, that’s only four. I would add one more myself, which is the growth among alternative legal providers, especially legal process outsourcers, which according to a report and graphic in January by Thomson Reuters’ Legal Executive...
February 29, 2016
The five key findings or market trends are: increasing number of attorneys; increasing matter volumes (more work); margin compression (for law firms); and the move from outside counsel to in-house counsel for corporations. Unless I missed something, which is always possible, that’s only four. I would add one more myself, which is the growth among alternative legal providers, especially legal process outsourcers, which according to a report and graphic in January by Thomson Reuters’ Legal Executive...
Ravel Law Adds Judges, Features to its Judge Analytics Tool
February 28, 2016
Judge analytics is the new black. Or at least that’s what I wrote in a post last summer that discussed several products...
February 28, 2016
Judge analytics is the new black. Or at least that’s what I wrote in a post last summer that discussed several products...
Scaling Trust: Marketing in a New Key
February 28, 2016
The very wealthy have had trusted advisors for ages, in the form of wealth managers, concierge doctors or personal shoppers. This business model worked for them because the very wealthy could spend enough to justify the significant time and effort it required to get to know those people deeply enough to become trusted advisors. The rest of us simply could not access this kind of expertise and advice. But that’s all changing now. With the advent of Big Data, sophisticated analytics, social...
February 28, 2016
The very wealthy have had trusted advisors for ages, in the form of wealth managers, concierge doctors or personal shoppers. This business model worked for them because the very wealthy could spend enough to justify the significant time and effort it required to get to know those people deeply enough to become trusted advisors. The rest of us simply could not access this kind of expertise and advice. But that’s all changing now. With the advent of Big Data, sophisticated analytics, social...
Incredible 3D Printer Can Make Bone, Cartilage, and Muscle
February 28, 2016
A team of biomedical researchers at Wake Forest Institute for Regenerative Medicine has just completed an invention 10 years in the making. It's a 3D printer that can craft relatively simple tissues like cartilage into large complex shapes—like an infant's ear. Using cartridges that are brimming with biodegradable plastic and human cells bound up in gel, this new kind of 3D printer builds complex chunks of growing muscle, cartilage, and even bone. When implanted into animals, these simple fabricated...
February 28, 2016
A team of biomedical researchers at Wake Forest Institute for Regenerative Medicine has just completed an invention 10 years in the making. It's a 3D printer that can craft relatively simple tissues like cartilage into large complex shapes—like an infant's ear. Using cartridges that are brimming with biodegradable plastic and human cells bound up in gel, this new kind of 3D printer builds complex chunks of growing muscle, cartilage, and even bone. When implanted into animals, these simple fabricated...
IBM Buying Truven for $2.6 Billion to Amass More Health Data
February 27, 2016
IBM has agreed to buy Truven Health Analytics for $2.6 billion, its fourth acquisition in less than a year aimed at expanding in the business of combing through health-related data. The shares rose the most in three years. More than more than 8,500 hospitals, insurers and government agencies use Truven to manage and analyze the reams of data generated by the health industry. Veritas Capital, a New York-based private equity firm, bought Truven in 2012 for $1.3 billion, according to company filings....
February 27, 2016
IBM has agreed to buy Truven Health Analytics for $2.6 billion, its fourth acquisition in less than a year aimed at expanding in the business of combing through health-related data. The shares rose the most in three years. More than more than 8,500 hospitals, insurers and government agencies use Truven to manage and analyze the reams of data generated by the health industry. Veritas Capital, a New York-based private equity firm, bought Truven in 2012 for $1.3 billion, according to company filings....
Tech Will Force Lawyers to Do More for Those Billable Hours
February 27, 2016
SILICON VALLEY ENTREPRENEURS and venture capitalists have deployed digital tech to change the ways we live, eat, and shop. They’ve aggressively moved into crucial industries like healthcare and finance. But the practice of law is one area of expertise that has remained stubbornly resistant to disruption. “We’re really at the beginning of a phase where technology is going to begin coming, where’s it’s really having a significant impact,” says Justin Hectus, the director of information...
February 27, 2016
SILICON VALLEY ENTREPRENEURS and venture capitalists have deployed digital tech to change the ways we live, eat, and shop. They’ve aggressively moved into crucial industries like healthcare and finance. But the practice of law is one area of expertise that has remained stubbornly resistant to disruption. “We’re really at the beginning of a phase where technology is going to begin coming, where’s it’s really having a significant impact,” says Justin Hectus, the director of information...
Technology Has Created More Jobs Than it Has Destroyed
February 27, 2016
In the 1800s it was the Luddites smashing weaving machines. These days retail staff worry about automatic checkouts. Sooner or later taxi drivers will be fretting over self-driving cars. The battle between man and machines goes back centuries. Are they taking our jobs? Or are they merely easing our workload? A study by economists at the consultancy Deloitte seeks to shed new light on the relationship between jobs and the rise of technology by trawling through census data for England and Wales...
February 27, 2016
In the 1800s it was the Luddites smashing weaving machines. These days retail staff worry about automatic checkouts. Sooner or later taxi drivers will be fretting over self-driving cars. The battle between man and machines goes back centuries. Are they taking our jobs? Or are they merely easing our workload? A study by economists at the consultancy Deloitte seeks to shed new light on the relationship between jobs and the rise of technology by trawling through census data for England and Wales...
Does the Chief Justice Make Partisan Appointments to Special Courts and Panels?
February 25, 2016
The Chief Justice of the Supreme Court has the exclusive and independent power to appoint federal judges to various special courts and panels, including the Foreign Intelligence Surveillance Court (FISC), the court that oversees all domestic surveillance for national security, including domestic data collection by the National Security Agency (NSA). This article examines the propensity of Chief Justices to appoint co-partisan judges to these panels. Such appointments may serve to produce decisions...
February 25, 2016
The Chief Justice of the Supreme Court has the exclusive and independent power to appoint federal judges to various special courts and panels, including the Foreign Intelligence Surveillance Court (FISC), the court that oversees all domestic surveillance for national security, including domestic data collection by the National Security Agency (NSA). This article examines the propensity of Chief Justices to appoint co-partisan judges to these panels. Such appointments may serve to produce decisions...
Lex Machina’s New Attorney Data Engine Improves Accuracy of Litigation Data
February 24, 2016
Lex Machina, a LexisNexis company and creator of Legal Analytics®, today announced the release of its Attorney Data Engine,...
February 24, 2016
Lex Machina, a LexisNexis company and creator of Legal Analytics®, today announced the release of its Attorney Data Engine,...
The Big-Data Future Has Arrived
February 24, 2016
It is now possible to measure everything, from the movement of billions of stars to each heartbeat. Big data, the tech...
February 24, 2016
It is now possible to measure everything, from the movement of billions of stars to each heartbeat. Big data, the tech...
