Analyzing data. Credit: Rymden/Shutterstock.com As Analytics Becomes Vital to Corporate Law, Accuracy Remains Open to Interpretation
While predictive analytics can help corporate legal departments track the win-rates of an outside attorney or tailor case strategies, the data can sometimes draw false conclusions.
September 04, 2020 at 02:41 PM
3 minute read
Data analytics may already be helping to shift the power balance between law firms and corporate legal departments by providing in-house teams with a solid foundation for weighing in on case strategies or individual attorney selection. But as analytic technology potentially becomes a greater part of those key relationships over the next few years, some familiar problems that have cast a shadow over other legal technologies may begin to emerge.
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Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
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