The 2020 Litigation Roller Coaster: Managing Litigation at Scale with Data & Legal Tech – Jeff Cox Writes in Legaltech News
Handling a widespread surge in litigation against your company or your clients requires real-time data feeds and matter management solutions with the flexibility and interoperability needed to manage litigation at scale.
We’re excited to share UniCourt’s second article in our three-part series published in Legaltech News, “The 2020 Litigation Roller Coaster: Managing Litigation at Scale with Data & Legal Tech,” written by our Director of Content, Jeff Cox.
In the first article in our series, “The 2020 Litigation Roller Coaster: A Case Study on Litigation Analytics,” we looked at the extreme example of how 3M faced a sudden and massive spike in litigation in 2020, reaching over 227,000 cases in just one year. This case study showed that litigation analytics matter because they position legal departments, legal operations, and outside counsel to recognize and proactively react to the litigation risk threatening the well-being of their companies and clients.
Building on the foundation that litigation analytics matter, in our second article, we turn to how legal departments and legal operations teams can handle litigation spikes through the effective use of structured data feeds and legal technology.
Here below is an excerpt from our article in Legaltech News:
When facing the prospect of defending a massive surge in lawsuits, companies need to be prepared and well-positioned to manage their litigation at scale through the use of real-time data feeds and matter management solutions capable of leveraging that data to its fullest potential.
From the case study we analyzed in our first article in this three part series, we’ve seen that litigation analytics matter. They can save legal departments from being caught flat footed by litigation spikes and they can act as a crucial diagnostic tool for gauging the true scale of the oncoming litigation onslaught companies face.
Now, we’ll turn to look at how legal departments can manage litigation spikes with a specific focus on keeping their data structured for downstream reporting and process automation. We’ll also touch on what legal departments should look for in data providers and their matter management solution, and where to learn more about the range of options available in the thriving legal tech marketplace.
Real-Time Insights Require Real-Time Data
As we saw in the case study of the litigation spikes experienced by 3M last year, when your litigation volumes explode exponentially, you need to be ready and able to pivot on a dime when the time comes. That means having real-time access to the litigation data needed to see when spikes occur and to gauge the seriousness of the lawsuits you’re facing.
Fortunately for legal departments, there are a broad array of legal tech companies now offering legal data as a service and real-time data streaming options. But how do you wade through the growing ecosystem of providers to find the right fit for your data needs? Luckily, there’s an easy button for that.
Alongside the burgeoning growth in legal tech, Reynen Court has emerged as a marketplace platform accelerating the adoption of cloud-based technologies for the legal industry by offering a pre-vetted and curated set of providers across the spectrum of legal tech solutions. Through Reynen Court, you can easily learn more about real-time litigation data providers and even test drive their software solutions in a virtual sandbox. So what should you look for in a data provider?
When you’re managing litigation at scale, how you get your data and the quality of your data are critically important. To build a 21st century data infrastructure and leave the dark ages of manual data entry behind, legal departments should look to Legal Data APIs for real-time access to the litigation data they need. Beyond the ability to stream data directly into applications and matter management solutions, APIs also help legal departments take a leap forward by accessing structured, standardized data from the start.
As you compare data providers and review their APIs, a key factor to consider is how they structure and standardize their data to make it more easily consumable and reportable. In connection with CLOC’s recent endorsement of the Standards Advancement for the Legal Industry (SALI) Alliance, legal departments need to ensure the data they’re ingesting adheres to common standards, so they can avoid the revolving bad data in, bad data out problem. Even if the data provider you’re interested in is a member of the SALI Alliance, it’s essential that you take a look under the hood and see how they structure and standardize their data.
Managing litigation at scale across a range of jurisdictions requires real-time reporting, which means if you don’t get your data already structured and standardized from the beginning, you’re stuck at the starting line and cannot fully leverage the data you have until it’s been cleaned. Otherwise, you’ll have to deal with downstream issues impacting reporting and decision points that may be delayed or missed altogether.
You can read the full article here on Legaltech News.