Litigation Finance, Big Data And The Limits Of AI

Law360, New York (April 20, 2017, 4:30 PM EDT) -- Litigation finance is a fast-growing area of the business of law: Its use by U.S. Law firms quadrupled between 2013 and 2016, according to a 2016 survey. Now that litigation finance is responsible for billions and not just millions of legal spending, it is regularly suggested that it should be at the forefront of innovation in law — and "big data" and artificial intelligence are some prominent current areas of interest.

Theoretically, both better data and its better use should be able to improve results in litigation, and thus help litigation financiers allocate more capital to meritorious matters. To be sure,...

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