Considered a subset of legal analytics, predictive technology analyzes past legal reference data to provide insights into future outcomes. This new generation of legal technology has been made possible by advances in machine learning and AI. Practical applications include forecasting a judge’s holding in litigation, or an examiner’s allowance of a patent application. This brings companies a new layer of information in making legal choices.
www.premonition.ai – Cost: not publicly available
Premonition describes itself as giving a “very, very unfair advantage in litigation.” The Miami-based Artificial Intelligence company boasts Motions Analyzer, which the company says can increase the odds of winning in litigation by showing the win rate of motions in a particular court. For example, based on statistics, the company suggests a change of venue may be the best motion for a specific case type in a particular court. For example, based on statistics the company suggests a change of venue may be the best motion for a specific case type in a particular court. Premonition, working with Fortune 500 companies, has a number of applications including “going down to the lawyer you need to represent you for a particular case type.”
Text and images from, Legal Tech Buyer’s Guide 2018. https://www.lawgeex.com/buyersguide/