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Using Analytics to Give Your Firm a Strategic Advantage
DC BAR PRACTICE 360°
#Practice360
In addition to talking about Fastcase, I also teach the Law of Robots at Georgetown Law.
Ed Walters CEO, Fastcase @EJWalters
Hi! My name is
The tyranny of hunches
Practice 360°
How much is my case worth?
Where is it most advantageous to file suit?
What’s this judge like?
Should I accept this settlement offer?
What’s the winning case?
How many important precedents exist?
Is my case still good law?
How will the court rule?
Is this contract clause standard?
Not abstract statistics – core to practice.
Hunches
Doomed.
The rise of legal analytics
Practice 360°
Data will eat your hunch for lunch.
Data trumps experience.
Know your audience with data.
Courts are random, right? (Wrong.)
Data: The average associate spends 193.3 hours of research time that is written off, for an average cost of $61,856 per year.
Source: Calculating the Value of Legal Research Efficiency, Blue Hill Research, Sept. 2014
Definitely.
Solution: Use citation analysis and data visualization tools to drive new value.
A 10% savings in research time can yield $1.6M in increased revenue and $1.2M in increased profits.
Source: Calculating the Value of Legal Research Efficiency, Blue Hill Research, Sept. 2014
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New! Seamless integration with Clio!
Fastcase 7 Search results and analysis
Use smarter tools to drive research.
Data visualization with Interactive Timeline
Negative history by Bad Law Bot
The coming age of analytics
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An unprecedented explosion of data services.
Focused reading view maximizes productivity.
[email protected] @EJWalters
