Now that we’ve had a chance to recover from Nashville and think about the annual ILTA conference as a whole, one thing stands out – predictive analytics looks like the next major stage in legal practice evolution. Essentially, predictive coding incorporates machine learning into a process to help classify and identify potentially relevant records for review. This is a subset of a larger science call Predictive Analytics.
What we saw at ILTA was the application of Predictive Analytics to more than just document discovery. One vendor was touting their ability to proofread documents and actually learn the author’s writing style. Another vendor demonstrated a product that can review all of a corporation’s contracts during merger negotiations in order to discover if any of them contain surprises.
We reported a couple of weeks ago about IBM’s Watson computer and how it can now develop logical arguments. Several leading edge software developers at ILTA expected to incorporate that type of Predictive Analytics into their systems within the next two years.
Lawyers use their intuition and experience when practicing law. Now they can use technology to help make their “predictions” much more accurate.