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Tag Archives: data and analytics

3 Keys to Powerful Analytics in eDiscovery

3 Keys to Powerful Analytics in eDiscovery

The use of data analytics in the eDiscovery workflow continues to accelerate. According to a survey of in-house legal departments conducted by the Coalition of Technology Resources for Lawyers (CTRL), a majority of legal departments (56%) reported that they were using data analytics to address eDiscovery obligations. Specifically, the survey found that the top three uses for data analytics in ... Read More »

eDiscovery Panel Foresees Legal Analytics Revolution

eDiscovery Panel Foresees Legal Analytics Revolution

The year 2016 may well turn out to be the turning point for how we viewed the paradigm of linear eDiscovery review. In recent weeks, many litigation experts have voiced challenges to the concept of linear review – where electronic evidence travels from one stop on the EDRM to the next – and have begun to shift the conversation toward ... Read More »

In Corporate Legal, Data Analytics a Rising Star [Infographic]

In Corporate Legal Data Analytics a Rising Star [Infographic]

The adoption of data analytics is poised to accelerate among the legal community and especially among those serving in corporate legal departments. That’s the conclusion data analytics experts draw in a short report published by the Coalition of Technology Resources for Lawyers (CTRL).   The report is based on a survey conducted by the Information Governance Initiative and commissioned by the ... Read More »

How to Use Analytics to Improve Litigation

How to Use Analytics to Improve Litigation

Note: The following is a guest post from Daryn Teague, who provides support to the litigation software product line within the LexisNexis software division. Many progressive corporate legal departments have moved analytics to the front-end of their litigation management efforts. The idea is to get their arms around the litigation data as early as possible so the team can map out the size, ... Read More »

YouTube Friday:  Quantifying the Value of Client Retention

Quantifying the Value of Law Firm Client Retention-2

A new promotional video from the LexisNexis® InterAction® team underscores the significance relationships have on client retention.   More importantly, it expresses the significance client retention has on law firm financial health: “If you don’t know who your clients are then relationships are at risk and strategy is meaningless.” For most observers, the concept isn’t a stretch and we’d venture the ... Read More »

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 ... Read More »

How Inside Counsel can Use Data and Analytics

inside counsel data analytics

Is cost an effective metric of value delivered to an organization? Kris Satkunas, who approaches corporate legal department metrics with a numerical focus, made a compelling case. In her recent post, Legal Department Metrics: Cost vs. Value, she notes that cost while widely used isn’t the only logical measure of value. She’s written fairly extensively on the topic including a ... Read More »