Like so many other professions, law is becoming increasingly influenced by an overwhelming amount of disparate, fragmented and complex data that can both help and hinder business. Data comes from a wealth of different sources, both internal and external, constantly changing, never still. Keeping control of all that data is one challenge; leveraging it to the greater good much harder.
Other professions have had years of experience integrating data analytics into their businesses and using analytics to predict outcomes; for legal, this is a relatively new challenge, and one that could potentially change the way the industry works.
Despite the huge amount of data in the average law firm, data-driven decision-making is relatively new and uncharted. With the knowledge that some 90 percent of data in the world today was created in the last two years, this needs to change.
Building the data-driven law firm looks at how the use of data has become inextricably linked with the practice of law; how it can be utilized to the good and the safeguards that must be put in place to mitigate the bad; how Big Data will revolutionize the way lawyers work, and the cases they will work on; and how new uses for data (including blockchain and the Internet of Things) will influence the law firm of the future.
Chapter 1: The data-driven mindset – the culture and habits of data-centric organizations
By David Curle, Director, Enterprise Content – Technology and Innovation, Thomson Reuters Legal Executive Institute
Chapter 2: The richness – and bias – of legal data
By Thomas Hamilton, VP of strategy and operations at ROSS Intelligence
Chapter 3: How to use data to make your business better
By Holly Urban, CEO and co-founder, EffortlessLegal LLC
Chapter 4: Using machine learning and AI to improve legal practice and drive value to stakeholders and clients
By Aaron Crews, chief data analytics officer, Littler
Chapter 5: Unlocking contractual data
By Edward Chan, partner, Linklaters LLP
Chapter 6: How data is transforming the relationship between lawyer and client
By Jennifer Roberts, manager, strategic research, InTapp
Chapter 7: Blockchain and the data-driven law firm
By Robert Millard, founder and partner, Cambridge Strategy Group
Chapter 8: Legal aspects of data
By Joanne Frears, solicitor, Lionshead Law
Chapter 9: How data will enable the shift towards the productization of legal services
By Simon Drane, managing director of earlsferry advisory, former executive director of business development at the Law Society and LexisNexis