Litigators, Technology

Can Data Be Your Litigation Edge? A Conversation With Lex Machina's Owen Byrd

Will this be an analytics tool that every firm begins to use in order to get a leg up?

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data securityLate last year, I wrote a post about legal tech trends to watch during 2016. Thank goodness my post included artificial intelligence, because, these days, if your product doesn’t include the words “artificial intelligence” or “machine learning,” you might as well not be selling. But, one of the other trends I mentioned (and boy, am I glad I did) was legal analytics. And in case you didn’t click on the link above, here is the significant quote:

Although the fact that numbers were not disclosed in Lexis Nexis’s purchase of legal analytics company Lex Machina, the acquisition itself is significant. Will Lex Machina be able to scale its business with the backing of Lexis Nexis and will analytics be a tool that every firm begins to use in order to get a leg up?

What I assumed at the time, and what I learned when I spoke to Lex Machina’s Owen Byrd at the Legaltech Show in February, was that the company was planning on scaling its business from analytics for IP litigation to other areas of litigation as well. So I was not surprised when the company recently announced that it is now expanding its offering into securities litigation.

Although the data Lex Machina provides is complex, the idea behind the product is simple. The way that companies have traditionally hired lawyers and won cases is not correlated with the only metric that matters: winning. Lex Machina mines million of pages of legal documents to allow lawyers to see which lawyers are litigating in front of specific judges and how they are performing. Today, I’m joined by Lex Machina’s Owen Byrd to discuss the company’s move into securities litigation. As always, these aren’t live chats, they are real-life conversations taking place asynchronously, so click the button below to follow along for the best reading experience.

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Zach Abramowitz is a former Biglaw associate and currently CEO and co-founder of ReplyAll. You can follow Zach on Twitter (@zachabramowitz) or reach him by email at zach@replyall.me.

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