DC BAR LUNCH AND LEARN · Data: The average associate spends 193.3 hours of research time that is...

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Using Analytics to Give Your Firm a Strategic Advantage DC BAR LUNCH AND LEARN

Transcript of DC BAR LUNCH AND LEARN · Data: The average associate spends 193.3 hours of research time that is...

Page 1: DC BAR LUNCH AND LEARN · Data: The average associate spends 193.3 hours of research time that is written off, for an average cost of $61,856 per year.

Using Analytics to Give Your Firm a Strategic Advantage

DC BAR LUNCH AND LEARN

Page 2: DC BAR LUNCH AND LEARN · Data: The average associate spends 193.3 hours of research time that is written off, for an average cost of $61,856 per year.

In addition to talking about Fastcase, I also teach the Law of Robots at Georgetown Law.

Ed WaltersCEO, Fastcase

@EJWalters

Hi! My name is

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The tyranny of hunches

LUNCH + LEARN

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How much is my case worth?

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Where is it most advantageous to file suit?

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What’s this judge like?

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Should I accept this settlement offer?

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What’s the winning case?

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How many important precedents exist?

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Is my case still good law?

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How will the court rule?

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Is this contract clause standard?

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Not abstract statistics – core to practice.

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Hunches

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Doomed.

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The rise of legal analytics

LUNCH + LEARN

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Data will eat your hunch for lunch.

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Data trumps experience.

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Know your audience with data.

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Courts are random, right? (Wrong.)

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Data: The average associate spends 193.3 hours of research time that is written off, for an average cost of $61,856 per year.

Source: Calculating the Value of Legal Research Efficiency, Blue Hill Research, Sept. 2014

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Definitely.

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Solution: Use citation analysis and data visualization tools to drive new value.

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A 10% savings in research time can yield $1.6M in increased revenue and $1.2M in increased profits.

Source: Calculating the Value of Legal Research Efficiency, Blue Hill Research, Sept. 2014

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Log in through the DC Bar

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Smarter search

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Citation analysis for better results

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Data visualization to gain deeper understanding.

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Full pagination and clean formatting.

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Bad Law Bot – first big data citator.

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New! Law reviews from HeinOnline!

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New! Seamless integration with Clio!

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Fastcase 7 Search results and analysis

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Use smarter tools to drive research.

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Data visualization with Interactive Timeline

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Negative history by Bad Law Bot

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The coming age of analytics

LUNCH + LEARN

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An unprecedented explosion of data services.

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Focused reading view maximizes productivity.

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[email protected] @EJWalters


Work Matters. 8,760 hours in a year Sleep = 2,555 This leaves 6,205 waking hours Average worker in US spends 2,020 of these hours working.

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An Introduction - sportanddev.org · the UK, the average return on investment is £3.20 for every £1.00 spent –so a 3:1 ROI. The average spectator at one of these events spends

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Research Report No. 1260 - nature.scot 2021 - NatureScot...average Scot spends more time in the outdoors than the UK average.26 £2.5 billion a year is spent in the tourism and outdoor

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How to Navigate Media & Technology15887a5ae3e823e5763d-d53df5cabddc07b2d780d94fa7e0ca39.r49.…How to Navigate Media & Technology Researchers say the average young American spends

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Significance, Effect Size, copy, - us.sagepub.com · tested using the research method. ... the average consumer spends roughly 120 minutes (or 2 hours) ... When a defendant is on

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