Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Lawyers are often seen as risk-averse and partial to long-established processes and practices, but in recent years, the legal profession has changed and modernized drastically. It has incorporated technology in ways that impact an attorney's ability to practice more efficiently and effectively. One of these modernizations is the adoption and utilization of litigation analytics, which provides data-driven insights into the past litigation records of law firms, attorneys, courts, and judges regarding trends in findings, damages, resolutions, and remedies.
Litigation analytics has become more than prevalent in the practice of law — in many ways, it has become necessary. The ability to analyze litigation patterns and trends has proven to be valuable in every facet of the legal profession; in fact, Lex Machina supplies legal analytics to law firms, companies, courts, government agencies and judges. Now that practitioners are seeing their clients, opposing counsel, and even judges employing litigation analytics and relying on the underlying data, it's crucial to discuss two key questions: what makes good legal data and what happens when you rely on bad data?
Litigation analytics can be considered a roadmap of sorts — an important guide to ensure the legal professional arrives at the correct litigation strategy or business plan. However, like roadmaps, litigation analytics will only be useful if it's based on data that is complete and accurate. A roadmap that is missing key cities or contains nonexistent roads is more than useless — it's dangerous and can lead the traveler astray. The same is true for litigation analytics — it can be an incredibly powerful tool that empowers attorneys with the winning edge over opponents or competitors, but only if it is complete and accurate. Otherwise, they can end up lost.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
In a profession where confidentiality is paramount, failing to address AI security concerns could have disastrous consequences. It is vital that law firms and those in related industries ask the right questions about AI security to protect their clients and their reputation.
During the COVID-19 pandemic, some tenants were able to negotiate termination agreements with their landlords. But even though a landlord may agree to terminate a lease to regain control of a defaulting tenant's space without costly and lengthy litigation, typically a defaulting tenant that otherwise has no contractual right to terminate its lease will be in a much weaker bargaining position with respect to the conditions for termination.
The International Trade Commission is empowered to block the importation into the United States of products that infringe U.S. intellectual property rights, In the past, the ITC generally instituted investigations without questioning the importation allegations in the complaint, however in several recent cases, the ITC declined to institute an investigation as to certain proposed respondents due to inadequate pleading of importation.
Practical strategies to explore doing business with friends and social contacts in a way that respects relationships and maximizes opportunities.
As the relationship between in-house and outside counsel continues to evolve, lawyers must continue to foster a client-first mindset, offer business-focused solutions, and embrace technology that helps deliver work faster and more efficiently.