Lex Machina’s Legal Analytics Named 2015 New Product of the Year by American Association of Law Libraries
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The American Association of Law Libraries (AALL) announced today that it has selected Legal Analytics, a first-of-its-kind software platform from Lex Machina, as its New Product of the Year for 2015.
“The American Association of Law Libraries is pleased to announce Lex Machina’s Legal Analytics as the winner of the 2015 AALL New Product Award,” AALL President Holly M. Riccio said. “Our selection committee identified Lex Machina’s software-as-a-service as one of the best data analytics tools for delivering data driven insights.”
Lex Machina will accept the award during the association’s 108th Annual Meeting and Conference in Philadelphia, July 18-21.
“We are excited to be acknowledged with this prestigious award for providing a high quality, trusted resource to the law librarian community,” said Josh Becker, CEO of Lex Machina. “This honor is especially rewarding because of the rigorous process the awards committee undertook to evaluate our platform and recognize how it helps legal professionals uncover actionable, strategic insights.”
“The legal market is witnessing the emergence of a great new wave of products for analytics and insights which are transforming the definition of legal research, “ said Jean O’Grady, founder and editor of the award winning blog Dewey B Strategic. “Lex Machina is a pioneer in offering lawyers an interactive platform which provides powerful custom insights for litigation strategy and competitive analysis.”
The AALL’s New Product award honors new commercial information products that enhance or improve existing law library services or procedures, or innovative products that improve access to legal information, the legal research process, or procedures for technical processing of library materials.
Lex Machina stands out from its predecessors as being the only start-up and legal analytics company to receive this prestigious award (which is not bestowed every year). Legal Analytics is revolutionizing the business and practice of law through the integration of the law and big data.
Legal Analytics enables legal professionals to quickly crunch massive sets of data to predict outcomes based on the historical behavior of specific parties, lawyers, and judges at each step of the litigation process. Important questions about venue, cost, and how long a case is likely to take can quickly be answered. The Legal Analytics Platform also aids in business development efforts by lawyers and law firms to attract and retain clients, as well as the selection and management of outside counsel by companies and their in-house attorneys.
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