Lex Machina Wins 2019 Artificial Intelligence Breakthrough Award
Company Recognized with “Best Decision Management Solution” Award in 2019 AI Breakthrough Awards Program
Menlo Park, CA — June 26, 2019 — 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.”
About Lex Machina
Lex Machina’s award-winning Legal Analytics platform fundamentally changes how companies and law firms compete in the business and practice of law. The company provides strategic insights on judges, lawyers, law firms, parties, and other critical information across 12 federal practice areas and the Delaware Court of Chancery. This allows law firms and companies to predict the behaviors and outcomes that different legal strategies will produce, enabling them to win cases and close business.
Legal Analytics was named “Best Legal Analytics” by readers of The Recorder in 2014, 2015 and 2016, and received the “Best New Product of the Year” award in 2015 from the American Association of Law Libraries. The company was named a “Legal A.I. Leader” by The National Law Journal in 2018 and was a finalist in the 2019 LegalWeek Product Innovation awards. Based in Silicon Valley, Lex Machina is part of LexisNexis, a leading global provider of legal, regulatory and business information and analytics. For more information, please visit www.lexmachina.com.
About AI Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AI Breakthrough Awards program is devoted to honoring excellence in Artificial Intelligence technologies, services, companies and products. The AI Breakthrough Awards provide public recognition for the achievements of AI companies and products in categories including AI Platforms, Robotics, Business Intelligence, AI Hardware, NLP, Vision, Biometrics and more. For more information visit AIBreakthroughAwards.com