Lex Machina, a LexisNexis company, today announced that its Legal Analytics® platform has been selected as the winner of the “Best Decision Management Solution” from AI Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global Artificial Intelligence (AI) market today.
Lex Machina’s Legal Analytics launched a new category of legal technology that fundamentally changed and improved how law firms and corporate law departments compete in the business and practice of law. Powered by machine learning and natural language processing, Lex Machina’s Legal Analytics platform reads, analyzes and classifies millions of federal court documents to provide strategic, data-driven insights and trends on courts, judges, lawyers, law firms and parties, with critical information about case timing, damages, resolutions, findings and more.
“When we started Lex Machina, our goal was to empower lawyers to base legal strategy on data-driven facts. Lex Machina is the only solution provider that has created proprietary technology to read, correct, normalize, tag, and enhance the legal data available in the PACER (federal court) database,” said Karl Harris, CEO Lex Machina. “Because of this, Lex Machina has the most complete and accurate data, which is fundamental in order to meet the high expectations and requirements of the legal market. We are excited to receive this 2019 AI Breakthrough Award and I consider it a strong validation of the team’s hard work and dedication.”
Lex Machina’s Legal Analytics platform is unique in the legal industry, with its ability to filter data by practice-specific tags, findings, and other granular criteria. Legal Analytics quickly helps attorneys drill down to find and analyze relevant cases that are most similar to their own, so that they can craft winning case strategy and file motions that have a higher chance of being granted by their judge. Today, no other tool comes close to providing the analytic depth or practice-specific insights that Lex Machina provides.
The mission of the AI Breakthrough Awards is to honor excellence and recognize the innovation, hard work and success in a range of AI and machine learning related categories, including AI platforms, Deep Learning, Smart Robotics, Business Intelligence, Natural Language Processing, industry specific AI applications and many more. This year’s program attracted more than 2,500 nominations from over 15 different countries throughout the world.
“Given the overwhelming amount of business and legal data that lawyers must navigate on a daily basis, without analytics it would be extremely costly and resource-intensive, and in some cases, impossible, to compile and analyze the same insights and information that Lex Machina’s Legal Analytics delivers,” said James Johnson, managing director at AI Breakthrough. “Lex Machina solved the difficult task of turning unstructured and complex legal data into game-changing analytics that are now a ‘must-have’ tool for top U.S. law firms and numerous global enterprises. We are thrilled to recognize them with this 2019 AI Breakthrough Award.”
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