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Legal analytics is a technology-driven approach to legal services that uses data-driven insights to inform decision-making. It is used to identify trends, predict outcomes, and optimize processes. It is used to analyze legal documents, contracts, and other legal materials to identify patterns and trends. It can also be used to identify potential risks and opportunities, as well as to develop strategies for litigation and dispute resolution.
Legal analytics is becoming increasingly popular in the legal industry, as it provides a more efficient and cost-effective way to manage legal matters. It is also being used to improve the accuracy and speed of legal research and analysis.
Companies in the legal analytics market include LexisNexis, Thomson Reuters, Casetext, Ravel Law, and Neota Logic. Show Less Read more
