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SlideShare Friday:  An Introduction to Legal Analytics   

SlideShare Friday An Introduction to Legal Analytics

The data behind the legal spend trends in the Enterprise Legal Management (ELM) Trends Report is staggering.  The CounselLink team applies a powerful analytics tool to cull through some $17 billion in legal invoices to identify those trends.

In litigation technology circles, especially with regard to eDiscovery, the lexicon continues to expand at a rapid pace.  Where a not so long ago gigabytes represented sizable sums of data – at least the sort most of us could conceptualize – the words terabyte and petabyte almost seem casual. From our vantage point, the trend is pretty clear – analytics are increasingly important the legal community.

Legal Analytics Defined

Recently we stumbled upon a presentation – Legal Analytics – and an Introduction to the Course – on the topic by two Professors Daniel Martin Katz and Michael J. Bommarito which is this week’s Friday Share.  In a blog post accompanying the presentation, Messrs. Katz and Bommarito note:

Relevant legal applications include predictive coding in e-discovery (i.e. classification), early case assessment and overall case prediction, pricing and staff forecasting, prediction of judicial behavior, etc.

The presentation, which is embedded nearby, also defines legal analytics as “deriving substantively meaningful insight from some sort of legal data.”

The authors focus on prediction – and specifically machine learning, data science and data management – and cleverly weave in attribution to the former Secretary of Defense Donald Rumsfeld infamous quote about “unknown unknowns.”  Here’s the full deck:

Photo credit:  Flickr; M. Kemal; CC BY 2.0

If you enjoyed this post, you might also like:
How Inside Counsel can Use Data and Analytics 

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About Frank Strong

Frank Strong
Frank Strong is the communications director for the LexisNexis software division located on NC State’s Centennial Campus in Raleigh. In this capacity, he leads communications efforts in support of software products for law practice and law department management and also litigation tools – across large law, small law and corporate counsel segments. With more than 15 years of experience in the high-tech sector, Strong previously served as director of public relations for Vocus, which developed marketing, PR and media monitoring software. He has held multiple roles both in-house with corporations, ranging from startups to global organizations, and has also endured the rigors of billable hours, having completed gigs at PR firms including the top 10 global firm Hill & Knowlton. A veteran of two year-long deployments, Strong has concurrently served in uniform in reserve components of the military for more than 20 years, initially as an enlisted Marine and later as an infantry officer in the Army National Guard. Strong holds a BA in Film and TV production from Worcester State University, an M.A. in Public Communication from American University, and an M.B.A. from Marymount University. He is a PADI-certified Master Scuba Diver and holds a USPA "B" skydiving license.
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