Creating Value by Turning Law Into Data
The law has traditionally considered itself as “art not science”, but what value can be created by rethinking that art/science divide, and what would law as part science look like? Industries like sports, politics, and journalism provide recent and powerful comparisons, “moneyball” and Obama’s data-driven 2012 election campaign being the most famous examples of transformation. In the law, questions that can be answered with better data abound: how has a judge ruled on a defined type of case before? What is the likely outcome of filing a specific motion? How successful has a lawyer or firm been in representing certain kinds of cases, or before certain judges? This presentation will focus on the technology that Ravel Law uses to extract and classify such information, and on how it has built a business that harnesses the results.