Analyzing Data Helps Attys Pick Counsel, Predict Costs

By Michele Gorman (May 16, 2019, 5:36 PM EDT) -- Data analytics can assist top legal decision makers in choosing the best outside counsel and more accurately predicting how long a matter may take, its cost and its chances for success, the general counsel of software company Lex Machina said Thursday.

Leading a panel on the last day of the Corporate Legal Operations Consortium's annual conference in Las Vegas, Owen Byrd explained how technology is disrupting legal operations and said the industry should benefit from the same transformation happening in other corporate units such as finance, human resources and marketing.

"I understand that in the legal industry and in other places disruption can be...

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