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Law firm encodes minds of top lawyers for prescriptive analytics pilot

George Nott | March 14, 2017
The pilot uses public or firm-held data besides and encoded expertise of senior lawyers to assess the probable success of a transaction or legal case

The pilot has the potential to free-up the time of senior staff, Stirling added, so they can focus on more strategic tasks.

“It leaves our experts to focus on the more strategic or pointy-end components of the work that our clients seek from us. And the increasingly complex environments our clients are working in – particularly in financial services and the broader corporate market – that strategic expertise is being more called upon. Rather than the fundamentals of law in years gone by which are things like discovery processes for litigation and due diligence processes for transactions,” she said.

Last year, in an Australian first for a major law firm, G+T sought patent protection for solutions which automate and streamline manual and time consuming legal tasks relating to database searching and aspects of corporate transactions. In time, a product based on prescriptive analytics could be offered directly to clients, Stirling said.

“We haven’t yet taken it to a phase of client accessibility but we are quite well known in the market for patenting our own technology and making that available to our clients so I certainly wouldn’t rule out the possibility that it could be client facing,” she said.

 

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