Big data and the legal profession: the jury is in
The legal complications of storing massive amounts of sensitive data are keeping corporate law firms in business. But now, it’s lawyers themselves who are tapping into their own data stores, and wondering how best to protect them.
This Forbes article looks at the benefits and downsides of big data from the perspective of a law firm. On the one hand, they have to be more scrupulous about protecting their data than virtually any other company. But like others, they can also do some nifty things with it, like predicting the results of court cases they’re involved in.
From a consumer perspective, these kinds of analytics could be helpful when they’re shopping around for a lawyer, giving them an idea of how likely a particular firm would be to win a case for them.