Law Practice Management and Technology
The Bottom Line Volume 34, No.2, April 2013
Content
- Book Review By Carolyn M. Dillinger
- Bringing Technology to the Law
- Coach's Corner: Smooth Operator: Understanding a Law Firm’s Financial Operating Benchmarks By Ed Poll
- MCLE Self-Study Article: a Time to Tool Up
- MCLE Self-Study Article: Entrepreneurship and Innovation in Legal Services - Ideas for All Lawyers
- MCLE Self-Study Article: Leveraging Online Dispute Resolution To Improve Consumer Arbitration
- MCLE Self-Study Article: Tomorrow's Lawyers: Online Delivery of Legal Services
- Message from the Chair: Battleship vs. Whack-a-MoleBy Perry L. Segal
- Message from the Guest Editor New Tricks for an Old Dog: Teaching Legal Tech By Ron Dolin, J.D., Ph.D.
- The Age of Quantitative Legal Prediction
- Visualization of Law -- a New View on Legal Search
- MCLE Self-Study Article: Moneyball for Lawyers: How Data and Analytics are Transforming the Practice of Law
MCLE Self-Study Article: Moneyball for Lawyers: How Data and Analytics are Transforming the Practice of Law
By Owen Byrd, Lex Machina
Imagine if you could make a data-driven prediction about how opposing counsel, or a judge, or a party to litigation or a transaction, will behave. Or what results a specific legal strategy or argument will produce. Would you continue to rely exclusively on traditional legal research and reasoning to inform the advice you give clients, the documents you draft, the negotiations you conduct and the arguments you make? Or would you integrate data and analytics into your lawyering by practicing Moneyball for lawyers?
The Origins of Moneyball
Since the 2003 publication of Moneyball: The Art of Winning an Unfair Game by Michael Lewis, and the 2011 release of a popular film based on the book, “Moneyball†has become shorthand for making data-driven decisions in domains far removed from baseball. From politics to marketing to military strategy, data and analytics are enabling upstart organizations and thought-leaders to disrupt and transform tradition-driven industries and professions, including the practice of law.