The current best-use cases for legal analytics are helping to simplify and expedite the workflow around research.

Long after the use of data and analytics has become commonplace in industries ranging from retail to insurance to baseball, the legal profession is now beginning take advantage of an emerging class of tools intended to help law firms win cases.

Indeed, creators of legal analytics technology say a variety of technical and cultural challenges have slowed development and user acceptance of the legal analytics technology, which combines data and software to present law firms with output helpful in decision-making.

“CEOs have become more data-driven, so it’s helpful to speak in that language,” he said. “Analytics provide the type of information that a business person may be able to grasp onto better than a lengthy legal analysis of the merits of the case.”

Despite the potential benefits of analytics for law firms, the question remains whether the technology is approaching critical mass.

Read more: www.legaltechnews.com/id=1202737573261/Data-Analytics-Transforming-Legal-Industry#ixzz3mHhBvqNf

Read original article


Tags: