This statistic shows the top reasons legal analytics is valuable to law firms in the United States in 2017. During the survey, 100 percent of respondents stated legal analytics are useful in demonstrating competitive advantage to clients.
How is legal analytics most valuable?
Characteristic
Share of respondents
Demonstrating competitive advantage to clients
100%
Determining strategy for particular courts and judges
98%
Predicting likely outcomes of strategy or arguments
litigators, trial attorneys and librarians the 200 largest law firms in the U.S.
Supplementary notes
Survey method not stated by the source.
For purposes of the survey, legal analytics is de fined as “tools and/or capabilities powered by artificial intelligence technology capable of sorting through huge amounts of data to find trends associated with specific courts, judges, expert witnesses, etc.”
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American Bar Association. (May 16, 2018). How is legal analytics most valuable? [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/920763/law-firms-value-of-legal-analytics-united-states/
American Bar Association. "How is legal analytics most valuable?." Chart. May 16, 2018. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/920763/law-firms-value-of-legal-analytics-united-states/
American Bar Association. (2018). How is legal analytics most valuable?. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/920763/law-firms-value-of-legal-analytics-united-states/
American Bar Association. "How Is Legal Analytics Most Valuable?." Statista, Statista Inc., 16 May 2018, https://www-statista-com.ezproxy.canberra.edu.au/statistics/920763/law-firms-value-of-legal-analytics-united-states/
American Bar Association, How is legal analytics most valuable? Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/920763/law-firms-value-of-legal-analytics-united-states/ (last visited November 10, 2024)
How is legal analytics most valuable? [Graph], American Bar Association, May 16, 2018. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/920763/law-firms-value-of-legal-analytics-united-states/
