I have been predicting that predictive tools would gain an increasing presence  in the practice of law. The press release from Thomson Reuters about Legislative Insights on Westlaw Edge  carefully skirts the prediction issue by substituting the word “probabilities.” Thomson Reuters deep legislative coverage is about to be turbo charged with technology from Skopos Labs. Thomson Reuters was an early investor in Skopos through their venture capital arm Thomson Reuters Ventures.

Legislative Insight is driven by a proprietary machine learning and natural language processing methodology from
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lexMachina_logoOwen Byrd , the Chief Evangelist at Lex Machina  is really excited about the latest module of legal analytics. Byrd provided me with a preview of the new commercial litigation product. While Byrd is proud of all of the Lex Machina modules, he sees the commercial product as providing lawyers with a truly unique set of insights . According to Byrd until today there was no easy way to isolate analytics for the most common types of commercial litigation cases:”breach of contract” and “business tort.”  Sophisticated docket researchers  have been frustrated by the gaps in the federal NOS codes which frustrate the tracking and analysis of many important types of litigation.


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Ravel has just announced the release of a new Court Analytics feature that will be available to subscribers as an “add on” feature. Ravel will be hosting a launch webinar today Monday, Dec. 5th  at  11 am est 2 pm est and “your truly” will be providing commentary on the rise of legal analytics in

I have recently been  musing on the
powerful predictive insights that could be generated by  combining legal and business event data and mapping historic correlations between litigation and financial data. It is a terrible thing to be blessed with ideas and but lack the technical skills for execution.
 
Imagine my surprise when I came across a press release from
Thomson Reuters


Scott Mozarsky


Greg McCaffery, BloombergBNA, CEO and Scott Mozarsky President
of the BloombergBNA legal division discuss Bloomberg BNA strategy, AI,
predictive technologies, gatekeepers, advisory boards and BNA platform
migration plans. Contrary to recent rumors McCaffrey emphasized that customers
will be able to continue purchasing BloombergBNA vertical products after the
content is migrated to the

Last month LexisNexis 
announced a new release of Lexis Advance which offered customers enhanced news
services and legislative insights. Legislative Outlook offers predictive
analytics and data visualization for proposed legislation.  Legislative
Outlook will be available  at no charge to subscribers through November
30, 2016, except where a gratis subscription is precluded by law (e.g. Federal

 

The October issue of Thomson Reuters of Practice Innovations is out.This issue focuses on emerging issues and transformative trends in law firms. I am particularly happy to highlight an article by John Hokkanen on predictive analytics, I first met John at a Lawyers Technology Roundtable meeting in the early 1990s. After practicing law John