| | MARCH 202219CIOReviewMachina utilizes cutting-edge technology that reads and analyzes all the documents attached to cases filed on PACER. Case in point, Lex Machina's Attorney Data Engine scans the underlying documents to clean the data of any errors such as misspelt names of law firms or lawyers who are misattributed to cases or firms. Lex Machina analyzes the documents and assembles a new dataset out of all the unstructured information, turning it into actionable insights. The company refreshes its data approximately every 24 hours, keeping users updated with the latest updates and recent developments.Lex Machina is the only organization to combine machine learning and natural language processing with human legal expert review to truly understand what a legal document contains. The company has appointed a team of lawyers for each practice area who review cases flagged by the AI tool. The company's Attorney Data Engine, coupled with its Signature Block Analyzer, helps reviewers ensure the factual accuracy and relevance of information by processing docket text and blocks of individual case documents to enhance the results. This function allows users to gain granular insights that could not be uncovered previously. Additionally, as the primary purpose of data sources such as PACER is not for data and analytics but rather for creating court records, PACER only assigns each case to one practice area, even though cases frequently involve claims in multiple practice areas. Lex Machina uses its unique technology to ensure that every case is categorized under every single practice area that it falls under.Outcome-driven AnalyticsGood data can save lawyers from drawing the wrong conclusions or advocating for strategies to their clients that might lead to failure. One strong example is Lex Machina's Outcome Analytics, which consist of case resolutions, damages, findings, and remedies. This kind of coverage is not featured by other analytics providers within this space, who often fall short in depicting the entire picture for customers. Most analytics solutions do not have the necessary capabilities to extract all of the information available in the underlying case documents. In contrast, Lex Machina provides detailed insights on whether a case was resolved in favor of the claimant or the claim defendant, whether it was resolved by likely settlement or procedural resolution, what damages were incurred, how the judge ruled on specific findings, and more. Users can easily visualize the entire breakdown of all the information at a glance. The platform also features Motion Metrics, a tool that assesses the rate of success for specific types of motions filed by lawyers before a judge. Case List AnalyzerLex Machina clearly prioritizes "ease of use". The platform's flexibility enables users to customize the results of their analysis in a way that's most pertinent to their case. For instance, the Case List Analyzer tool within the platform allows lawyers to quickly build a list of similar cases. Users can select from a wide range of different criteria to refine their case selection by using dates, case resolutions, courts, judges, lawyers, or parties, to arrive at a list that is most relevant to the matter at hand. The Case List Analyzer is customizable to show exactly the data a user is looking for, across all relevant cases.There is a clear advantage in knowing your competitors' strengths and weaknesses, not just in the courtroom, but also when creating pitches to win new clients
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