Harnessing big data could reveal the best case strategy or even predict the outcome. While that may be rare now, some firms are using big data for a less esoteric purpose: setting accurate fee estimates for their clients.
November 18, 2013 at 12:00 AM
1 minute read
Lawyers have always gathered and analyzed data to minimize risks for their clients.
But in the era of big data, algorithms and data-analysis applications could make it possible for lawyers to be more like fortune-tellers. Harnessing big data could reveal the best case strategy or even predict the outcome. While that may be rare now, some firms are using big data for a less esoteric purpose: setting accurate fee estimates for their clients.
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