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Predictive Analytics
Holmes and Watson – How Artificial Intelligence is Changing Law
May 9, 2015
In 1897, Oliver Wendell Holmes, Jr. wrote: People want to know under what circumstances and how far they will run the risk of coming against what is so much stronger than themselves, and hence it becomes a business to find out when this danger is to be feared. The object of our study, then, is prediction, the prediction of the incidence of the public force through the instrumentality of the courts. Holmes, laying the groundwork for his famed prediction theory of law, was referring to an attorney’s...
May 9, 2015
In 1897, Oliver Wendell Holmes, Jr. wrote: People want to know under what circumstances and how far they will run the risk of coming against what is so much stronger than themselves, and hence it becomes a business to find out when this danger is to be feared. The object of our study, then, is prediction, the prediction of the incidence of the public force through the instrumentality of the courts. Holmes, laying the groundwork for his famed prediction theory of law, was referring to an attorney’s...
Legal Fee Tracking Cuts Fees in UK
May 4, 2015
Fifteen firms - including Macfarlanes, Norton Rose Fulbright and Taylor Vinters - have signed up to Apperio, a legal fees platform which claims to be cutting fees for clients by 12%. The other firms include Taylor Wessing, Mishcon de Rey, Charles Russell Speechly, Fieldfisher and Olswang. Similar systems are in operation in the US. Some schemes claim to offer equal benefits to law firms and clients by clarifying the billing process between them. Other systems claim that the main benefit is received...
May 4, 2015
Fifteen firms - including Macfarlanes, Norton Rose Fulbright and Taylor Vinters - have signed up to Apperio, a legal fees platform which claims to be cutting fees for clients by 12%. The other firms include Taylor Wessing, Mishcon de Rey, Charles Russell Speechly, Fieldfisher and Olswang. Similar systems are in operation in the US. Some schemes claim to offer equal benefits to law firms and clients by clarifying the billing process between them. Other systems claim that the main benefit is received...
Contemplating Academic Analytics for Law Schools
May 3, 2015
There is a recent trend in higher education to standardize assessment of faculty’s academic achievement across disciplines. For example, a company called Academic Analytics markets itself as providing university administrators “with objective data that administrators can use . . . as a method for benchmarking in comparison to other institutions.” As its website explains, it measures productivity and excellence by quantifying: the publication of scholarly work as books and journal articles citations...
May 3, 2015
There is a recent trend in higher education to standardize assessment of faculty’s academic achievement across disciplines. For example, a company called Academic Analytics markets itself as providing university administrators “with objective data that administrators can use . . . as a method for benchmarking in comparison to other institutions.” As its website explains, it measures productivity and excellence by quantifying: the publication of scholarly work as books and journal articles citations...
How Wearable Devices Are Disrupting the Insurance Industry
May 1, 2015
Nearly 50 years after Captain Kirk began using his wrist communicator on the television show, Star Trek, wearable technology is taking hold. From Fitbit and Nike Fuelbands to Google Glass and Golden-I, the technology is influencing how people live and work. While there are many benefits to utilizing wearable technology in the insurance industry, along with the innovation comes risks, according to experts. * * * Wearables can also capture data and provide feedback about the wearer. Benton...
May 1, 2015
Nearly 50 years after Captain Kirk began using his wrist communicator on the television show, Star Trek, wearable technology is taking hold. From Fitbit and Nike Fuelbands to Google Glass and Golden-I, the technology is influencing how people live and work. While there are many benefits to utilizing wearable technology in the insurance industry, along with the innovation comes risks, according to experts. * * * Wearables can also capture data and provide feedback about the wearer. Benton...
Legal Profession Considers Finer Points of Artificial Intelligence
April 26, 2015
University of Toronto assistant law Prof. Anthony Niblett knows exactly how to teach students, but what about teaching computers? Members of the ROSS team, from left: Akash Venkat, Jimoh Ovbiagele, Andrew Arruda, and Shuai Wang. Members of the ROSS team, from left: Akash Venkat, Jimoh Ovbiagele, Andrew Arruda, and Shuai Wang. “That’s quite different,” said Niblett, who’s part of a U of T team that’s training Watson, IBM’s artificial intelligence technology, to use cognitive reasoning...
April 26, 2015
University of Toronto assistant law Prof. Anthony Niblett knows exactly how to teach students, but what about teaching computers? Members of the ROSS team, from left: Akash Venkat, Jimoh Ovbiagele, Andrew Arruda, and Shuai Wang. Members of the ROSS team, from left: Akash Venkat, Jimoh Ovbiagele, Andrew Arruda, and Shuai Wang. “That’s quite different,” said Niblett, who’s part of a U of T team that’s training Watson, IBM’s artificial intelligence technology, to use cognitive reasoning...
Planes Without Pilots
April 25, 2015
Mounting evidence that the co-pilot crashed a Germanwings plane into a French mountain has prompted a global debate about how to better screen crewmembers for mental illness and how to ensure that no one is left alone in the cockpit. But among many aviation experts, the discussion has taken a different turn. How many human pilots, some wonder, are really necessary aboard commercial planes? One? None? Advances in sensor technology, computing and artificial intelligence are making human pilots...
April 25, 2015
Mounting evidence that the co-pilot crashed a Germanwings plane into a French mountain has prompted a global debate about how to better screen crewmembers for mental illness and how to ensure that no one is left alone in the cockpit. But among many aviation experts, the discussion has taken a different turn. How many human pilots, some wonder, are really necessary aboard commercial planes? One? None? Advances in sensor technology, computing and artificial intelligence are making human pilots...
Test Yourself: Are You Being Tricked by Intuition?
April 21, 2015
What's your default mode for judgments and decisions? To find out, take this (very short) cognitive-reflection test, which was created by Shane Frederick at Yale and originally appeared in The Journal of Economic Perspectives. At the end, you’ll receive feedback on your answers and gain insight into how you arrived at them. Doug Noll and I do a deep dive into impact in mediation at Pepperdine: http://law.pepperdine.edu/straus/training-and-conferences/professional-skills-program/malibu/tactical-interventions.htm
April 21, 2015
What's your default mode for judgments and decisions? To find out, take this (very short) cognitive-reflection test, which was created by Shane Frederick at Yale and originally appeared in The Journal of Economic Perspectives. At the end, you’ll receive feedback on your answers and gain insight into how you arrived at them. Doug Noll and I do a deep dive into impact in mediation at Pepperdine: http://law.pepperdine.edu/straus/training-and-conferences/professional-skills-program/malibu/tactical-interventions.htm
Texas Eastern District Tops in Patent Cases, Damages
April 20, 2015
The Eastern District of Texas is officially the nation's most popular patent litigation by far, according to a recent report....
April 20, 2015
The Eastern District of Texas is officially the nation's most popular patent litigation by far, according to a recent report....
What Popular Baby Names Teach Us About Data Analytics
April 19, 2015
A typical big data analysis goes like this: First, a data scientist finds some obscure data accumulating in a server. Next, he or she spends days or weeks slicing and dicing the numbers, eventually stumbling upon some unusual insights. Then, a meeting is organized to present the findings to business managers, after which, the scientist feels disgruntled or even disrespected while the managers wish they could take the time back. When these meetings fail, the main points of contention usually include...
April 19, 2015
A typical big data analysis goes like this: First, a data scientist finds some obscure data accumulating in a server. Next, he or she spends days or weeks slicing and dicing the numbers, eventually stumbling upon some unusual insights. Then, a meeting is organized to present the findings to business managers, after which, the scientist feels disgruntled or even disrespected while the managers wish they could take the time back. When these meetings fail, the main points of contention usually include...
Copyright and Trademark Lawyers Can Now Play ‘Moneyball’ on Lex Machina
April 18, 2015
Lex Machina's Legal Analytics software as a service analyzes copyright and trademark cases as well as patent and antitrust...
April 18, 2015
Lex Machina's Legal Analytics software as a service analyzes copyright and trademark cases as well as patent and antitrust...
