Wednesday, June 27, 2012
This post from the ABA Journal discusses the databases of historical information that are being built to “help lawyers calculate the odds of winning a case and how to craft the arguments.”
“Algorithms could be used to make predictions based on the historical data, Law Technology News reports. “Called quantitative legal prediction, it's basically what happens when the latest technology trend—called ‘big data’—meets the law,” the story says. “And it just might change how corporate general counsel and BigLaw manage legal matters and costs, how they craft legal arguments, and whether, how, and where they file a lawsuit.””
Several efforts are already underway. Interesting.