Legal Predictive Analytics
After the use of data analytics has become usual in other industries, predictive analytics is now coming to law. iiPredictive analytics is the use of data, statistical algorithms and machine-learning techniques to identify the likelihood of future outcomes based on historical data.
The goal is to go beyond descriptive statistics and reporting on what has happened to providing a best assessment on what will happen in the future.” (Predictive Analytics: What it is and why it matters, retrieved from www.sas.com). Law contains huge amounts of data from judicial decisions, briefs, articles, commentaries, legislative texts and other documents. Legal data includes fact patterns, precedents and case outcomes. This data is the foundation of legal predictive analysis. One form of legal analytics could be, for example, the use of fact patterns and precedents to predict a case’s outcome. This prediction could help lawyers to assess the likely results of a patent litigation.4.7