It is always worth watching my friend Bob Ambrogi whose finger is always on the pulse of legal tech. His LawSites blog reported yesterday that the legal research service Ravel Law had announced the launch of a new feature, Firm Analytics, that provides insights on law firms' litigation histories that can be used for competitive intelligence and research into firms' litigation activity.
I imagine this will spark great interest, to put it mildly.
Ravel CEO Daniel Lewis told Bob that Firm Analytics can be used to:
- Understand a firm's litigation history by case type, venue, motion win rate, and judge.
- Rank and compare firms by their case volume and motion win rate across more than 30 practice areas and specific venues.
- Create custom comparisons and reports using an array of variables.
Firm Analytics can be used both by law firms and by in-house counsel to gain insights into firms' experience and performance. Imagine how the old notion of "beauty contests" will be altered by easily acquired statistics. No one will want to "show poorly" – that's for darn sure.
This is Ravel's fourth analytics product. Last year, it launched Judge Analytics, Court Analytics, and Motion Analytics.
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Digital Forensics/Information Security/Information Technology