Thursday, November 13, 2014

Lex Machina Adds Bigger Data "Custom Insights"-- Raising the Analytics Bar for IP Litigators

Today Lex Machina is announcing the launch of  “Custom Insights”  functionality which will add two new high-voltage analytics tools: Caselist Analyzer and Motion Metrics to the  Lex  Machina platform. These interactive tools will put customized competitive insights within  reach of every subscriber. I found the variety, flexibility and granularity of Lex Machina’s  new offerings to be truly “breathtaking.”  In a few clicks the Custom Insights reports can display  interactive charts, trends and data based on highly specific criteria. Docket analytics platforms from  competitors such as Thomson Reuters, LexisNexis and Bloomberg Law  have allowed users to generate litigation reports based on a few standard criteria such as judge, law firm, party and cause of action. Lex Machina has enhanced Pacer data to allow deeper and more granular analysis of cases and motions. Until now these types of reports could only have been generated  after days or weeks of research. 
From Dockets to Big Data

There is no shortage of products selling Pacer dockets. Most are selling access to flat data, not a transformative platform for insights and iterative analysis.Lex Machina which focuses on IP litigation is about to raise the competitive stakes for lawyers and Lex Machina's competitors in the docket analytics space.
Lex Machina which debuted in 2010 as a platform for analysing IP litigation. The Lex Machina platform combines natural language processing and machine learning. The data is further enhanced with some human curation and a healthy dose of data normalization. They use a custom taxonomy engine referred to as Lexpressions to analyse and assign tags to each docket.These tags enhance precision and retrieval .If you ever wondered whether a judge was likely to grant a "motion to transfer" or wanted to estimate the "time to trial" in specific court, Lex Machina now offers such predictive analytics and insights.More than 20 data elements can be combined to create custom reports. (Tags include:Judge, Party, Role, Law firm, Lawyer, Case type, Case status, dates of filing or termination, trial date, damages, resolution,findings, invalidity.)
The Wow Factor
Each of the new modules includes at least one " show stopping" new feature. Case List Analyser allows you to easily create a custom list of cases based on key word criteria. These keywords are identified in the docket or the underlying complaint or motion.A search for cases involving  “touch screen gestures” delivers a narrow universe of cases which deal with this very specific issue . The litigation history of these cases can be compared and analysed.
Motion Metrics offers the ability to track “Motion Chains.” This feature enables a quick review of grants and denials for a specific case. 
Webinar: Lex Machina will be offering a webinar at 11am PST/ 2pm EST today.
Case List Analyzer

Case List Analyzer: Key Features

Build a strategy- select cases of interest using custom defined criteria. Then in a few clicks, create charts, expose trends using metrics  law firms, judges, parties issues, damages, patent findings.

Custom Insights for Timing (Analyze Time to Termination, Claim Construction,Hearing, and Trial, to determine how long it may take to litigate your case and set your budget.

Custom Insights for Damages (View a breakdown of patent case damages type(e.g. Reasonable Royalties, Lost Profits) overtime, to determine the risk and how much is at stake.)

Custom Insights for Case Resolutions  (Review the resolution of selected terminated patent cases to view analytics on outcomes such as summary judgment, settlement, voluntary dismissal.)
Custom Insights for Patent Findings  (View a breakdown of each finding of infringement, invalidity, or enforceability and analyze trends in those case histories)


Motion Metrics

Motion Metrics maps each motion in selected cases to determine outcomes.
Track Motion Chains. Compare motion success by judge, party, or motion type, Examine motion chains and access the underlying documents.
Judges History Determine which kinds of motions a judge tends to grant or deny
Assess opponents motions history and patterns in cases similar to your own to develop a “motion strategy.”
Today IP Tomorrow the World?
Lex Machina does plan to expand beyond IP. Next up they plan to tackle the 80,000 commercial litigation cases filed in the US.

As firms become more focused on understanding the cost of litigation and competitive pricing issues, Lex Machina is positioning itself to address one of the biggest pain points for law firms.Lex Machina’s new  Custom  Insights tools will be raising the bar for both law firms and Lex Machina’s competitors. We may be witnessing the opening volley in a competitive analytics “war”  where established players and upstarts like Lex Machina vie for a foothold on  the litigator’s desktop.

Here is the text of the press release:
Lex Machina Launches Custom Insights: Personalized Analytics for Unprecedented Insights into Cases, Motions, and Trends
New capabilities enable lawyers to design their own approach to crafting winning IP strategy
Menlo Park, November 12, 2014 – Lex Machina, creator of Legal Analytics®, today raises the bar for legal technology by introducing Custom Insights with the new release of its Legal Analytics platform. With traditional legal research tools, it’s difficult not only to find relevant cases, but also to glean key strategic insights, unless attorneys are willing to drill into each and every case. This is where Lex Machina gets started. Custom Insights helps attorneys surface strategic information from only those cases or motions they care about, quickly and easily. 

To mark the launch of these exciting new capabilities, Lex Machina will be hosting a webcast on November 13 to demonstrate how in-house and law firm counsel can leverage Custom Insights in their workflow.
“Since launching our platform in October last year, our engineers have worked closely with Lex Machina’s customers to take Legal Analytics to the next level,” said Josh Becker, CEO, Lex Machina.  “More than predefined charts and graphs, our customers wanted the flexibility to apply analytics to the cases and motions that matter to them. With Custom Insights we are delivering a groundbreaking capability that changes the business and practice of law.”
Lex Machina is introducing these new capabilities that provide attorneys with Custom Insights:
Case List Analyzer
The new Case List Analyzer puts lawyers in the driver’s seat by enabling them to select cases based on specific criteria and filter the results by case type, date range, court, judge, patent findings, and more. Available on every case list page, Case List Analyzer helps lawyers uncover strategic information and visualize trends – from how to approach a case, to how to litigate, or how to defend against legal action. With one click they can see trends and gain actionable insights across their case selection.
“Case List Analyzer allows me to quickly compare judges, law firms, parties and patents, using the criteria I care about.  I can find a judge’s tendency to award damages of a specific type,” said Scott Hauser, Deputy GC Ruckus Wireless.  “Custom Insights enables me to craft winning IP strategy.”
Motion Metrics
This new feature identifies the docket events and documents connected to a specific motion, and offers Custom Insights into all activity that led to a court’s grant or denial of that motion. With Motion Metrics, attorneys can get Custom Insights for each motion chain within a case to analyze the performance of judges, or opposing counsel, and also compare motions across districts, judges, parties, and law firms.
Attorneys are able to compare motion outcomes and select the strategy that has the highest probability of producing the desired results. 
Motion Metrics may reveal that a judge almost never grants a motion for summary judgment,” said Miriam Rivera, former Deputy GC at Google.  “The ability to see this information in an instant, not only saves a tremendous amount of time, but also helps me for the first time to quantify my ROI.”
About Lex Machina
Lex Machina is defining Legal Analytics, a new category of legal technology that revolutionizes how companies and law firms compete in the business and practice of law. Delivered as Software-as a-Service, Lex Machina creates structured data sets covering districts, judges, law firms, lawyers, parties, and patents, out of millions of pages of legal information. Legal Analytics allows law firms and companies, for the first time ever, to predict the behaviors and outcomes that different legal strategies will produce, enabling them to win cases and close business.
Lex Machina is used by companies such as Microsoft, Google, and eBay, and law firms like Wilson Sonsini, Fish & Richardson, and Fenwick & West. The company was created by experts at Stanford’s Computer Science Department and Law School. In 2014, Lex Machina was named one of the “Best New Legal Services” by readers of The Recorder, American Lawyer Media’s San Francisco newspaper.
Media Contact:
Nicholas Gaffney

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