The Geek In Review
Lex Machina's Karl Harris on the Past, Present, and Future of Legal Analytics
Mar 11, 2021
Karl Harris, CEO of Lex Machina, discusses the progression of legal analytics over the past decade and its potential in practicing law. The episode also explores the rise of distributed law firms, challenges faced by women in domestic reviews, and the use of data analytics in law firms.
36:56
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Quick takeaways
- Law firms are using analytics to win new clients and develop winning strategies by analyzing past successful outcomes and key factors.
- The success of distributed model law firms challenges traditional notions that big law is necessary for complex legal matters.
Deep dives
Law Firms Leverage Analytics for Winning Business and Cases
Law firms are using analytics to showcase their expertise, track records, and win new clients. Analytics help firms understand judges' behaviors, opposing counsel, and specific industries to position themselves as the right choice. In terms of winning cases, analytics guide lawyers in developing winning strategies by analyzing past successful outcomes and identifying key factors. By integrating analytics into their workflow, law firms can improve efficiency, control costs, and drive revenue growth.
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