Predictice is an app that provides lawyers with statistics and data on the likely outcome of commercial and social disputes, based on previous court decisions.
More and more sectors are using the power of predictive technologies to be able to preemptively adjust their processes and get a better idea of the outcomes they are likely to achieve Offering a similar application of big data to the legal services industry is Predictice, a French start-up that uses machine-learning techniques for case law, allowing it to extract a statistical analysis of the outcome of litigation.
The world’s largest law firm, Dentons, has partnered with the start-up to develop software that helps to predict the likely course, cost, length and outcome of litigation based on historical court decisions.
It allows advocates to know in advance the probable outcomes and make strategic adjustments accordingly. This can aid decision making such as prioritizing certain arguments or adjusting the compensation claimed.
Predictice, which specializes in data analytics and predicting court decisions, is leveraging the legal knowledge of lawyers in Dentons’ Paris office, who are providing user feedback to refine the platform. The platform provides legal professionals with the statistical probability of success of a case they are pleading. It allows lawyers to optimize their strategy, by identifying and prioritizing the key points that will help to positively influence the resolution of a dispute in their favour, based on the track record of a particular legal mechanism. Predictice also delivers an estimate of benefits that were achieved through previously judged, similar lawsuits, and a map of the most favourable judgments, depending on the type of problem. This could help lawyers adjust their pricing according to these statistics.
This unique and flexible innovation was conceived as a mutually beneficial pilot project between the law firm and the Paris tech start-up, and is agreed on a non-exclusive basis. Predictice benefits by receiving first-hand feedback from the legal professionals trialling the system, while Dentons’ lawyers gain direct experience in legal innovation and also have their say in influencing how the tool develops.
Marie Bernard, Dentons’ director of innovation, said the system allowed the lawyer to price according to risk, and would benefit clients and law firms alike: ‘Predictability is one of the many fields we are committed to exploring. Predictice suggested a sensible approach and our feedback so far is really positive. It’s a good match, which enables us to understand predictive technology better and to consider our adoption options early on.’
Across a huge range of different fields, whether it is business, engineering, health care or education, a common pattern we are seeing is collaboration with tech start-ups. With their technological expertise and fresh perspectives, they are able to assess a system or model and disruptively come in and solve chronic problems these antiquated systems and models face.
Legal tech and law firms must collaborate to develop the next innovation in legal practice. In the United States, the start-up Legalist uses an algorithm to vet commercial lawsuits, with a view to providing finance to those with potential for success.
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Website: www.dentons.com
Contact: www.dentons.com/en/whats-different-about-dentons/contact-us
Company name: Dentons
Innovation name: Predictice
Country: France
Industry: Government & legal