Predictive analytics Big Data analysis business intelligence internet and modern technology concept on virtual screen. Credit: WrightStudio/Adobe Stock A Canary in a Coal Mine: Using Data to Identify Early Indicators of Risk
A retroactive analysis of litigation data can help legal departments identify trends and determine where to allocate resources to reduce the likelihood of future litigation. But as the legal risks facing companies grow and intensify, it's critical to leverage data to keep looking for earlier and earlier indicators of risk.
August 30, 2022 at 02:20 PM
7 minute read
General Counsel and In House Counsel
Recent years have brought significant advances in the use of analytics to identify trends in legal data and mitigate risks. For instance, by conducting a retroactive analysis of their litigation data, legal departments can better understand key issues driving lawsuits, such as which policies, regulations and regional locations are most often implicated in litigation. Armed with these insights, in-house counsel can determine where to allocate resources to reduce the likelihood of future litigation.
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