By Premonition, May 31, 2015
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A Florida-based AI firm has released some very interesting revelations about lawyers and their rates of prevailing in lawsuits. The firm, Premonition, has determined that lawyers — even those on ‘top lawyer lists’, or considered by peers to be among the best — generally have average results. The company also discovered that lawyers and law firms don’t actually keep track of win/loss data: they mostly track fees and billing proportions. One indicative statistic kind of jumps out as a condemnation of the industry:
In a study of the United Kingdom Court of Appeals, it found a slight negative correlation of -0.1 between win rates and re-hiring rates, i.e. a barrister 20% better than their peers was actually 2% less likely to be re-hired!
