Lex Machina’s Legal Analytics Named 2015 New Product of the Year by American Association of Law Libraries
Menlo Park, CA, May 13, 2015 – The American Association of Law Libraries (AALL) announced today that it has selected Legal Analytics, a first-of-its-kind software platform from Lex Machina, as its New Product of the Year for 2015.
“The American Association of Law Libraries is pleased to announce Lex Machina’s Legal Analytics as the winner of the 2015 AALL New Product Award,” AALL President Holly M. Riccio said. “Our selection committee identified Lex Machina’s software-as-a-service as one of the best data analytics tools for delivering data driven insights.”
Lex Machina will accept the award during the association’s 108th Annual Meeting and Conference in Philadelphia, July 18-21.
“We are excited to be acknowledged with this prestigious award for providing a high quality, trusted resource to the law librarian community,” said Josh Becker, CEO of Lex Machina. “This honor is especially rewarding because of the rigorous process the awards committee undertook to evaluate our platform and recognize how it helps legal professionals uncover actionable, strategic insights.”
“The legal market is witnessing the emergence of a great new wave of products for analytics and insights which are transforming the definition of legal research, “ said Jean O’Grady, founder and editor of the award winning blog Dewey B Strategic. “Lex Machina is a pioneer in offering lawyers an interactive platform which provides powerful custom insights for litigation strategy and competitive analysis.”
The AALL’s New Product award honors new commercial information products that enhance or improve existing law library services or procedures, or innovative products that improve access to legal information, the legal research process, or procedures for technical processing of library materials.
Lex Machina stands out from its predecessors as being the only start-up and legal analytics company to receive this prestigious award (which is not bestowed every year). Legal Analytics is revolutionizing the business and practice of law through the integration of the law and big data.
Legal Analytics enables legal professionals to quickly crunch massive sets of data to predict outcomes based on the historical behavior of specific parties, lawyers, and judges at each step of the litigation process. Important questions about venue, cost, and how long a case is likely to take can quickly be answered. The Legal Analytics Platform also aids in business development efforts by lawyers and law firms to attract and retain clients, as well as the selection and management of outside counsel by companies and their in-house attorneys.
To learn more about the 2015 New Product of the Year, visit: https://lexmachina.com/what-we-do/legal-analytics/.
About Lex Machina
Lex Machina provides Legal Analytics, a new category of legal technology that profoundly changes 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 including Wilson Sonsini, Fish & Richardson, and Fenwick & West. The company was created by experts at Stanford’s Law School and Computer Science Department. 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.
About the American Association of Law Libraries
The American Association of Law Libraries was founded in 1906 to promote and enhance the value of law libraries to the legal and public communities, to foster the profession of law librarianship, and to provide leadership in the field of legal information. Today, with over 5,000 members, the Association represents law librarians and related professionals who are affiliated with a wide range of institutions: law firms; law schools; corporate legal departments; courts; and local, state and federal government agencies. For more information, visit http://www.aallnet.org.