Legal finance providers and data-driven decision-making

We live in an era in which data is often presented as the solution to every business problem. With this in mind, what role does data play in the legal finance industry? The answer: Astute data analysis underpins crucial aspects of legal finance for both users and providers.

First and foremost, clients who receive legal financing from sophisticated funders with the largest data sets and the collective experience of decades of litigation practice benefit the most from a data-driven perspective on case prioritization, duration, budgets and case management. Second, data analysis helps legal finance companies track their investments’ performance throughout the duration of client litigation and arbitration matters to ensure their business is strong and profitable, which in turn serves their clients. Third, and most obviously, rigorous data analysis along with expert human judgment determines which matters legal finance companies will fund.

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