Solomonic data underpins key litigation market analysis
Prominent litigation players CMS, HFW, Enyo, Shoosmiths, Stewarts and major news outlets including the Financial Times and trade publications Legal IT Insider see the value of rich data insights that can be extracted from Solomonic.
Amongst the noise of rapid advancements in AI, the significance of robust, accurate and timely data cannot be overstated. The demand for insights derived from data has never been louder and this is no exception in the legal space, but legal professionals have historically lacked access to such data to drive informed decision making.
Solomonic has stepped into this void, having meticulously gathered, analysed and aggregated data points on over 100,000 claims, spanning a decade in the civil High Court - offering an unprecedented wealth of insight on the UK civil High Court and, now, the Competition Appeal Tribunal. The richness of this data powers analytical views, more than just information; it's a tool for understanding the landscape.
As a result, Solomonic customers and partners are drawing upon platform data and intelligence to craft insightful, topical and compelling thought leadership pieces, industry reports and other content that ties in with current trends and topics. Our analytics not only illuminate trends, they empower stakeholders to demonstrate their expertise and position themselves with the most sophisticated data available.
Financial Times
Solomonic’s data analysis has been making waves, as evidenced by coverage in the Financial Times, including a prominent page 3 feature article examining the ongoing tail of Covid-related disputes with insurers, underscoring the value of data as a key element in high-profile reporting.
“Solomonic shows there are more than 100 unresolved insurance cases in the High Court related to Covid-19. The total combined value of the sums being sought is about £735mn.”
The full article - Insurance battles over UK Covid lockdowns rage on in courts
Our rigorous document analysis enable us to capture many data points, including the value of claims, which equip practitioners with a comprehensive view of the market. This was evident in the coverage of the Nord Stream claim concerning explosions in 2022 and insurer payout, where our data revealed the scale of this claim as one of the largest at the time.
“The claim is among the largest filed in London's High Court over the past year, according to litigation data analysis group Solomonic.”
The full article - Nord Stream sues insurers for €400mn over pipeline explosions
CMS
Our Year in Review 2023 report revealed a significant increase in banking and finance claims, with over 1,000 new claims recorded. We called upon Tom Dane, Partner at CMS to provide insights into these trends during our Litigation’s long shadow webinar. Following this, CMS used Solomonic data to produce a comprehensive “data-driven review” to dissect the main drivers and litigation risks, including debanking, class actions, ESG litigation and more.
The full report - Banking Disputes Report 2024
Solomonic data also fed into a recent Crypto disputes analysis report, highlighting the reliance and timeliness of our insights with blockchain and crypto-related litigation on the rise. CMS analysed the 118 crypto asset-related cases issued since 2017 that are determining laws on crypto to identify trends and make “data-driven predictions” on the future disputes landscape.
The full report - Crypto Disputes Report 2024
HFW
Our data has also proven invaluable in revealing market share and status, with HFW calling upon Solomonic data to reveal their track record.
“HFW succeeded in 68% of its Commercial Court cases between 2014 and 2023, compared to an average of 55% for the 30 other law firms with the highest caseload during the same period, according to data from litigation analytics platform Solomonic.”
The full article - HFW highest win rate among top 30 litigation firms in English Commercial Court
Enyo
With over 2,500 experts analysed within the platform, Solomonic holds a wealth of information on their areas of expertise. Enyo leveraged this to examine the most common and unique expert disciplines, a prime example of how drawing upon the insights derived from data can be used to curate compelling thought leadership;
“Examining Solomonic data provides a glimpse into the prevalence of specific expert disciplines, shedding light on the frequency and patterns of expert engagement.”
The full article - What the data says about experts in English commercial litigation
These examples are just the tip of the iceberg over recent months, which illuminates how important rich litigation market insights are for leading firms. Last year, the Legal IT Insider picked up the Year in Review 2023 for further dissection around claim volumes, insolvency actions, law firm market share and emerging trends in a 2023 UK litigation analysis piece. Shoosmiths referenced data from the platform in both their Litigation risk 2024 report to identify emerging areas of risk and in a thought leadership piece, Perception vs reality: litigation trends GCs need to know about which highlighted the importance of being led by the data when it comes to trend analysis. Solomonic also worked closely with the Stewarts Fraud team to produce and analyse data regarding commercial frauds claims in the civil courts of England and Wales in their Analysing Trends report, as highlighted in our case study.
There are countless examples where Solomonic data has helped practitioners get ahead of their opponents. Beyond content creation, Solomonic clients, including many of the top 100 firms, frequently feedback the success of using Solomonic intelligence in delivering advice. In a competitive landscape, it is a must needed tool for any serious legal business.
See how Solomonic’s data is transforming legal practice firsthand as unpacked in our client success stories which speak to the unparalleled advantages our platform provides.