LexisNexis InterAction+?的动态

It has become more important for law firms to use data-driven strategies has to stay ahead.?With actionable data, firms can make smarter decisions, enhance efficiency, and drive substantial growth. What do you think??How do you balance gut feelings with data in your decision-making processes? While intuition can sometimes reveal patterns, it can also introduce biases that lead to suboptimal outcomes. Implementing Key Performance Indicators (KPIs) and integrating advanced technology can significantly improve the way law firms operate. Tools like practice management software and business intelligence solutions provide real-time insights, allowing for better resource allocation and client service. I'd love to hear your thoughts and experiences! How has embracing data-driven strategies impacted your firm? #LegalTech #DataDriven #LawFirmSuccess #ProfessionalGrowth #BusinessIntelligence

Empowering Law Firm Leaders ep. 5 – CJ Anderson NEW EPISODE The latest episode of our Empowering Law Firm Leader series is now available! We’re joined by CJ Anderson, the founder of Iron Carrot Limited and previous Head of Information and Research at a leading global law firm. In this episode, we’ll be discussing: ???? The impact of having an effective data strategy for your business, clients, and employees? ?? Achievable goals to get started on creating a data strategy? ?? How your data is affecting ROI on your tech investments? ?? Key steps to creating a data governance framework Watch the full episode: https://bit.ly/4asbWlc #legalsoftware #legaltech #lawfirm #lawyers #SMElawfirm #EmpoweringLawFirmLeaders #legalinterview #lawleadership

Find out how #AI-powered tools can help break down data silos and enhance your legal drafting by putting all your firm's knowledge & external legal data safely and securely at your fingertips, in this new @LexisNexis Insights article! https://lnkd.in/gezPQ6XG #Law #LawFirms #Innovation

In the June edition of The Law Office Management Association (TLOMA) Today you will find an informative article penned by LegalRM's Chris Giles which explores the relationship between IG and AI within legal firms. He highlights the need for a well-thought-out strategy to make use of their combined advantages while minimizing the risks involved. Click below to read the full article. https://lnkd.in/eZ_hH4Wq

6 types of Data that Predictive Systems Can Analyse for Smooth Pre-litigation planning Imagine having access to the collective wisdom of thousands of past court cases at your fingertips. That's the power of predictive systems in legal tech, and it's changing how we approach pre-litigation planning. Thomson Reuters gives us a snapshot of the key types of data that predictive systems can uncover: 1???Damages/Costs Awarded:?Helps in estimating potential compensation or legal fees for similar cases. 2???Success/Failure of Appeals:?Informs strategies based on the likelihood of an appeal being upheld or overturned. 3???Cases Settled by Certain Companies:?Identifies patterns in settlements, providing leverage for negotiations. 4???Views/Rulings of Judges:?Reveals judges' tendencies to help tailor your arguments and expectations. 5???Win/Loss Rate of Lawyers & Tactics:?Offers insights into which strategies or legal teams have been most successful in similar cases. 6???Winning/Losing Arguments:?Spotlights the most persuasive arguments in past cases to refine your litigation approach. For litigators, this means more informed decisions, better client advice, and potentially game-changing strategic advantages. Are you leveraging predictive systems in your practice? If not, you might be fighting with one hand tied behind your back. Read more: https://lnkd.in/gxqjSaBs #BriefBox #LegalTech #PredictiveSystems #LegalInsights #DataDriven

Legal professionals are embracing data-driven strategies to enhance efficiency. A Today's General Counsel summarizes an article by Carl Morrison of Association of Certified E-Discovery Specialists (ACEDS) about how to use legal data intelligence to improve your legal department. Read our synopsis of the JD Supra article here : https://bit.ly/4fijDx3 #legalops #legaltech #legaldata

No Crystal Ball Needed: Predicting Litigation Outcomes Through Data Analytics | Legaltech News: Legal professionals now consider data analytics essential in their work, moving away from traditional methods and embracing a data-driven approach to litigation. This shift allows lawyers to make informed decisions and strategies, rather than relying solely on chance and extensive manual review.

The Establishment of Case Law: ?? #Law #Justice #Precedent #Courts #LegalSystem Remarkable evidence can substantially provide compelling support for adapting specific standards of practice in governance with measures and countermeasures to enforce compliance within carceral systems as a doctrine of precedent to address future legal matters when systems falter from similar facts. Decisions that procure the necessary foundational framework within consent decrees will dispel ambiguities and realign systems with a calculus of precision and purpose as reconditioning becomes constitutionally refined beyond superficial similarities, where disinvestment and dysfunction reside and are scaled in their relativity as evidenced within the culmination of facts. https://lnkd.in/eWqaNVu5

Did you know law firm data analytics emerges as the crown jewel for legal professionals seeking to maximize earnings and enhance efficiency? Read our newest blog to learn more: https://lnkd.in/g4Cis8TN #wearestellium #legalblog #blog #data #analytics #legaltech

??New blog alert!?? Our latest blog post examines the transformative journey from data collection to strategic application, painting a future where data fuels revenue within law firms. Join us in exploring the boundless potential of data analytics in shaping the future of legal practices. Click the link to read the full article! https://lnkd.in/g4Cis8TN #LegalTech #DataAnalytics #LawFirmInnovation?#wearestellium