LexisNexis and Lex Machina Named Legal A.I. Leaders In National Law Journal’s Inaugural List
LexisNexis selected for its groundbreaking Lexis Answers offering; Lex Machina selected for its industry-leading Legal Analytics platform
February 1, 2018 — NEW YORK — LexisNexis® Legal & Professional, a leading global provider of information and analytics, and Lex Machina, a LexisNexis company and creator of the award-winning Legal Analytics® platform, today announced that they were named to the National Law Journal’s inaugural Legal A.I. Leaders list, a distinction reserved for leading developers of innovative, artificial intelligence-driven products and services.
Legal A.I. Leaders is an extension of the National Law Journal’s highly respected Trailblazers series, which, since 2013, has highlighted hundreds of innovative and groundbreaking legal professionals in areas such as litigation, intellectual property, transactions and environmental law. Legal AI Leaders was conceived to identify and highlight the companies that are leading the way in applying artificial intelligence to the legal industry.
“LexisNexis leads the industry in terms of integrating A.I and analytics into its existing product portfolio and creating new solutions to address the changing needs of today’s attorneys,” said Josh Becker, CEO of Lex Machina. “We view A.I. technology as an empowerment tool that enhances the productivity, capabilities and value of data-driven legal professionals. As such, we will continue to leverage new A.I. technologies that will deliver immediate value to the legal industry.”
LexisNexis was included in the list for its Lexis Answers technology, a recent A.I. enhancement within its flagship Lexis Advance® offering. Using powerful machine learning and advanced natural language processing technologies, Lexis Answers transforms legal research by understanding the user’s natural language question and delivering a concise, authority-based answer, in addition to finely tuned, comprehensive search results. By delivering specific and actionable answers at the top of the search results, Lexis Answers saves users time and effort previously spent wading through numerous pages of search results and volumes of legal documents to find the desired information.
Lex Machina was chosen for its award-winning Legal Analytics® platform, which gives attorneys a distinct advantage at trial by revealing strategic insights on opposing parties and counsel, tracking records and key decisions of presiding judges, and illuminating trends on case resolutions, findings, damages and more. The platform currently covers nine federal practice areas (patent, copyright, trademark, antitrust, securities, commercial, employment, product liability and federal bankruptcy appeals litigation), and recently launched its first module covering litigation in Delaware state Chancery Court. The advanced machine learning algorithms in its Attorney Data Engine dramatically improves the quality and accuracy of millions of pages of PACER data analyzed by Lex Machina’s platform.
“LexisNexis has a strong cultural history and commitment to technology innovation across fields such as machine learning, natural language processing and analytics,” said Jeff Pfeifer, vice president of product management at LexisNexis. “We’re proud that both LexisNexis and Lex Machina were recognized as a Legal A.I. Leader by the National Law Journal, which validates the decades of work we’ve dedicated to advancing data-driven law.”
For more than 20 years, LexisNexis has been researching, developing and deploying new, cutting-edge technologies to enhance its product portfolio with intelligent tools that can assist attorneys in making smarter, data-driven decisions. In addition to developing award-winning products, such as Lexis Advance, LexisNexis MedMal Navigator®, LexisNexis® Verdict & Settlement Analyzer, and Legislative Outlook, the company acquired several companies that continue pushing the envelope in A.I. and analytics, including Lex Machina, Intelligize® and Ravel Law. Future research in A.I. and advanced technology will focus on advanced interfaces, entity extraction, relationship mapping, personalized results, decision tools and prescriptive analytics.
“Artificial intelligence has the opportunity to revolutionize the way lawyers work and the value they provide. The companies on the National Law Journal’s inaugural Legal A.I. Leaders list are blazing the trail for the reinvention of the entire legal industry,” said Wayne Curtis, Group Publisher & General Manager, Regionals, at ALM. “Our team spent months compiling 49 leading companies that are helping law firms, corporate law departments and others in the legal industry to use artificial intelligence to increase efficiency, improve analysis, better predict outcomes and more.”
About LexisNexis® Legal & Professional
LexisNexis Legal & Professional is a leading global provider of legal, regulatory and business information and analytics that help customers increase productivity, improve decision-making and outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 130 countries with 10,000 employees worldwide, is part of RELX Group, a global provider of information and analytics for professional and business customers across industries.
About Lex Machina
Lex Machina’s award-winning Legal Analytics® platform is a new category of legal technology that fundamentally changes how companies and law firms compete in the business and practice of law. Delivered as Software-as a-Service, Lex Machina provides strategic insights on judges, lawyers, parties, and more, mined from millions of pages of legal information. 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. Lex Machina 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. For more information, please visit www.lexmachina.com