Data Analytics Gaining Ground, But Bold Promises Need Validation

Every year, lawyers file litigation claims said to be worth hundreds of billions of dollars, and yet few lawyers have embraced data analytics to guide their litigation decisions in the way that bond traders or other industries rely on such tools.

That could be changing: A raft of new software and technology companies, including a few that are working directly with law firms, are mining the vast amounts of data available on litigation trends in both complex and simple cases to bring analytic tools to the legal industry. Experts believe these tools may be poised for serious growth in coming ...