Credit: metamorworks/Shutterstock With Analytics Tools, Law Firms Are Adding Predictive Power to Their Advice
Firms are using predictive analytics to gain a quantitative edge. But AI-powered predictions don't come easy.
June 03, 2022 at 11:06 AM
9 minute read
Thanks to the advent of artificial intelligence, lawyers have more than just their instinct and experience to rely on when predicting things like litigation outcomes, future risk and legal spend. But the use of AI to predict future outcomes—called predictive analytics—isn't as futuristic as it sounds. In a nutshell, predictive analytics uses machine learning to assess the likelihood of particular outcomes by identifying trends in historical data.
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