Litigation analytics: what case prediction brings to the litigator’s armoury
Litigation analytics improves predictions and outcomes in litigation by combining statistical analysis, modelling and human review. It enhances the role of litigators and helps them provide better advice based on accurate data. It assists in determining case strategy, finding the best arguments, and facilitating settlement negotiations. Although the availability of case data in the UK is limited, the demand for data-driven decision-making is increasing.
Litigation data and analytics is now fundamental to litigation practice and the business of law
Litigation data and analytics are increasingly important in the practice of law, according to a panel of legal experts. They touch on how data helps firms provide valuable insights, context, and certainty in outcomes, duration, and costs.
Business development through litigation data – Some lessons learned
Solomonic closely monitors litigation claims and provides valuable market intelligence and data to customers such as lawyers, insurers, and litigation funders. Daily updates on newly issued claims are particularly useful because defendants are often unaware of them. This information is crucial for staying ahead, whether as a litigant, insurer, or litigator seeking to build relationships with clients or prospects.
High Court Commercial Disputes 2022
Solomonic, as the UK’s most comprehensive commercial litigation database, has compiled a review of the 2022 year in commercial litigation in the High Court.
UK litigation continues to grow whilst the economy stumbles
Claim volume for Q3 2022 totalled just over 1,900, a 10% increase on the same period in 2021. As a whole, quarterly claim volume has grown substantially since the first quarter of 2019.
Solomonic partners with law firm Stephenson Harwood
Solomonic is delighted to be partnering with leading law firm Stephenson Harwood. The firm’s award-winning and highly regarded international dispute resolution team advises on the full range of commercial disputes.