Big Data for Law Firms
Published: May 2013
Publisher: Ark Group
Country of Publication: UK
Format: Paperback (79 Pages)
The demand for greater efficiency, increased intelligence and analytics, and improved market advantage, coupled with requests from existing and new clients mean that law firms are beginning to feel the implications of big data.
Big data is transforming the way law firms do business. For many firms it poses new risks and challenges, but when fully understood and utilised big data will become a key component of operational and strategic business initiatives.
Managing Partner’s report, Big Data for Law Firms provides in-depth insight and practical actionable guidance on how big data will affect firms both internally and externally.
Big Data for Law Firms will enable all firms to understand:
- What big data is, what caused it to evolve, and how big data works;
- How big data assists in gaining market advantage;
- How to exploit existing big data in law firms;
- Individual lawyer’s use of big data repositories and tools;
- The use of big data for law firm analytics, performance measurement and decision-making;
- Harvesting information from vast and varied data resources;
- The application of big data to help extrapolate and forecast legal costs; and,
- Client issues and advising on their big data related matters.
Exclusive real-life case studies and expert contributions featured within the report include:
- Insight into Eversheds’ use of big data techniques to help clients understand competitors’ business strategies and avoid major risks;
- Bradford & Barthel LLP on the firm’s involvement in big data and the decision to create Spherical Models (a consulting practice born out of experience with law firm collaborative cloud integration and the big data challenge);
- CDS Legal on how they help their law firm clients to use data mining, technology assisted review and other analytical strategies to manage and extract data from the volumes of data found in legal matters;
- Simon Briskman (partner at Field Fisher Waterhouse) on regulatory issues in relation to big data.