As part of their ongoing Tips & Tricks webcast series, Lex Machina hosted a webcast on Things You Can Only Do in Lex Machina on June 10, 2021. The webcast speakers were Todd Regenold, Vice President of Sales & Customer Success at Lex Machina, and David Friedman, Customer Success Manager at Lex Machina.
They discussed the myriad ways in which Lex Machina differentiates itself from other tools, and how this can provide a competitive advantage to legal professionals. The five examples demonstrated in the webcast were:
- Filters for specific practice areas
- Outcome analytics for specific practice areas, including case resolutions, damages, remedies, and findings
- Complete and accurate attorney data
- Courts and Judges comparator
- Curated document tagging
“If you don’t have [outcome analytics],” David Friedman noted, “you don’t have Legal Analytics. You have docket navigation, you have an incomplete picture. You can’t make the best decisions on how to best advise your client. You won’t find this anywhere else, only Lex Machina has this information. You’re not going to find it in PACER, you’re not going to find it in platforms that are just content to rely on the basic PACER data.”
“I always think of the underlying documents as showing our work, so we provide those high level analytics that are of tremendous value,” remarked Todd Regenold. “What do attorneys always want to know? They always want to know why, and we provide that ability to drill all the way down to the docket level and get to these very important specifics.”
“The analytics are only going to be as good as the underlying data,” David Friedman agreed. “If you’re missing data about how often an attorney has practiced in a particular type of case, then that’s also going to be missing data for the law firm as well. So again, this is critically important. This is part of the overall picture of obtaining the analytics that you need to be successful in federal district court, as well as in the state courts.”
Listen to a recording of the webcast or read the transcript.