Legal analytics is the application of data analysis methods and technologies within the field of law to improve efficiency, gain insight and realize greater value from available data.
Legal analytics involves data mining from data contained in documents related to case and docket entries. This data is then accumulated to provide previously unknown insights into the behavior of the judges, lawyers, organizations such as courts law firm and parties involved. It also involves gaining insights from subjects of lawsuits such as patents and others that are part of the litigation ecosystem.
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Companies Profiled in this report includes: Wolters Kluwer, Thomson Reuters, Mind crest, Inc., Unitedlex Corporation, Argopoint LLC. , Lexisnexis, Premonition, CPA Global, Analytics Consulting LLC, The Bureau of National Affairs (BNA), Inc., International Business Machines (IBM) Corporation, Wipro Limited and Key Innovator.
Legal analytics depends on progressive technologies such as natural language processing (NLP) and machine learning, to structure, analyze and obtain the required information from raw data present in case dockets and documents. Legal analytics involves statistical modelling and forecasting to reveal gainful information about the management, case handling and operations of legal department. Legal analytics solutions helps in assessing all the recordings, documents and other related files of particular case and old cases and patents similar to that in order to reveal the intended knowledge.
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Legal Analytics provide an economical way to perform complete legal research and strategize for a defense along with offense. While preparing for both can put a constraint on the amount of time and resources that can be dedicated to research. Therefore, legal analytics solutions are required to extract the knowledge and present it into argument able form. Legal Analytics provide an economical way to perform complete legal research and strategize for a defense along with offense.
The study throws light on the Legal Analytics market mainly focusing on the growth factors and even the restraining factors. The restraining factors are also provided with the best solutions which also prove to be a counteract to the drawback and help increase the market demand. Applications, types, technology and many other segmentations are studied to give a depth of knowledge for the further market investment. Key driving forces for Legal Analytics market is explained to help give an idea for detailed analysis of this market.
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Table of Content:
Global Legal Analytics Market Size, Status and Forecast 2022
1 Industry Overview of Legal Analytics
2 Global Legal Analytics Competition Analysis by Players
3 Company (Top Players) Profiles
4 Global Legal Analytics Market Size by Type and Application (2012-2017)
5 United States Legal Analytics Development Status and Outlook
6 EU Legal Analytics Development Status and Outlook
7 Japan Legal Analytics Development Status and Outlook
8 China Legal Analytics Development Status and Outlook
9 India Legal Analytics Development Status and Outlook
10 Southeast Asia Legal Analytics Development Status and Outlook
11 Market Forecast by Regions, Type and Application (2017-2022)
12 Legal Analytics Market Dynamics
13 Market Effect Factors Analysis
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