There’s a reason why most attorneys, paralegals and students aren’t spreadsheets jockeys.A good amount of legal professionals are only familiar with the basic functions of Microsoft Excel. And that’s not their fault — it’s just not part of the job description.Spreadsheets take time to create and even more time to keep updated. And human error is always a risk. One misplaced comma can wreak havoc on your data.
Lawyers and paralegals are constantly searching for ways to increase their efficiency, but legal analytics software isn’t usually the first answer that comes to mind. To understand how predictive coding, data visualization, and advanced search features of the best legal analytics software in Australia can help your legal team, browse through these three use cases:
- Predictive coding
Expectations of the law have changed throughout history. The social norms of our world today require an evolution in the way we analyze each case. Legal analytics software helps us keep up with the digital age by allowing us to understand a large volume of data quickly and efficiently, helping attorneys prepare cases faster than ever before. Instead of reading through thousands of pages manually, this technology automates the process so attorneys can focus on other tasks.
- Data visualization
The benefits of legal analytics don’t end when attorneys submit their briefs and reports. Once a case is completed, law firms have access to significant amounts of data that can be used for research purposes. Visualizing large volumes of data with this technology allows law firms to identify trends in practice areas and outcomes from previous cases. Using these insights, law firms can make decisions about how to run their business more efficiently and accurately represent clients moving forward.
- More efficiently sort through information
You could spend hours trying to find the right information for your case by sorting through everything manually, but you don’t have time for that. Legal analytics software makes it easy to search through huge databases of relevant data as quickly as possible.
- More effectively analyze information
Once you’ve found the information you need, good legal analytics software can help you analyze it so you know what parts are most relevant to your case and how they fit together with the facts already known to your firm (including those unique to your firm). The software can also help you identify any gaps in your knowledge that need further research or investigation before going forward with the case.
- You can get a competitive edge
By automating many of the legal processes and tasks, you will be able to provide your clients with a wider range of services at a faster rate than many of your competitors. Your clients will appreciate your prompt service and you will win their loyalty.
- It helps with predictive analysis
In addition to automating tasks, legal analytics software can give you insights into how your case is likely to unfold. This allows you to plan better and make adjustments as needed.
- Gain insights on legal trends
Legal analytics tools can provide attorneys with insights on legal trends and what those trends mean for their cases and clients. With so much data available on the web, it’s difficult to know what information is relevant without digging through mountains of information — not exactly the best use of a firm’s time or money. Legal analytics tools give you meaningful insights into laws, cases, statutes and precedents so you can gauge how they’ll affect your case.
- Find experts who specialize in your area of law
Legal analytics software can help you find specialists who practice law in your area and understand your clients’ needs. You can search for experts based on location, industry experience and skillset, then work with them if it makes sense for your case.
