We have seen analytics used in exciting ways in the world of e-Discovery. One of the most significant technological innovations has been the development of machine learning or TAR (technology assisted review). Machine learning can drastically reduce the duration and costs of document review. We have helped clients use it with great success.
The OBA recently held a seminar on “Innovation in Litigation: Responding to Changes in the Legal Industry”. Mitch Kowalski spoke about the sources and benefits of innovation, and in particular the influence of technology on the practice of law. Kowalski described great innovations in the application of information analytic technology in legal research applications. These applications rely on analytics to provide answers to legal questions. There is a developing interest in the market for automated legal services, and we expect the interest to increase.
Despite the hype, these innovative tools still rely on human expertise and experience to deliver full value. In order to benefit from the efficiency offered by technological innovation, law firms and their clients need to understand how the technology operates and how it should be used for accurate, defensible results. Firms like ours that combine great technology with great processes are already deriving significant value from technological innovation. We recommend that all firms do what is necessary to keep up with technological innovation.