Today, data helps enterprises glean insights with an accuracy once thought impossible, allowing them to tailor offerings to reveal cost savings and discover opportunities previously unavailable. Law firms are no differently seated for these revelations, but the industry is considered to be slow in taking the steps necessary to reap the benefits offered via Big Data.
Some law firms have taken more concrete steps to better utilize the mass of data at their disposal. In a step unprecedented by firms among the Am Law 100, Drinker Biddle & Reath named Bennett Borden its first chief data scientist (CDS). In this role, Borden has a bird’s-eye view over the implications of data both within the firm’s practices—on efficiency, case analysis, and client representation—as well as for those of Drinker Biddle’s clients, whom he helps leverage information for desired results.
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