2022 Annual Survey finds that 68% of law firms use Legal Analytics – a 7% increase over last year – Yahoo Finance

MENLO PARK, Calif., Feb. 8, 2022 /PRNewswire/ — Today, Lex Machina and LexisNexis release the results from their annual Impact of Legal Analytics survey. Each year Lex Machina reaches out to legal professionals nationwide, to get a clear view into how Legal Analytics technology is used and perceived.
This year's survey demonstrates the key drivers and barriers for legal analytics adoption, the value legal analytics brings to litigation practice, and how it is being utilized. More than 400 responses were received from U.S. legal professionals at law firms of all sizes.
Some of the key takeaways when comparing current users vs. non-users of legal analytics were:

Known Value 98% of respondents who currently use Legal Analytics believe that Legal Analytics is valuable or somewhat valuable for their legal practice, and even 78% of non-users say the same.
Drives Success 74% of those who use Legal Analytics said that successful litigation is the key driver for adopting Legal Analytics.
Demand for an API 63% of users would like to integrate their Legal Analytics with other organizational data
Drives Business 69% of users use Legal Analytics to pitch or demonstrate expertise to their clients
"The results demonstrate that not only are more people acutely aware of the benefits and impact that Legal Analytics has, but the ways they are finding those benefits continue to grow with the evolving needs of the industry," says Karl Harris, CEO at Lex Machina. "Ultimately, we are seeing great advancements in adoption that have propelled Legal Analytics from a new technology to a must-have for client acquisition, litigation success, recruitment, retention and so much more."
The survey gives insight into the shifting perspectives around this data. What was once feared as automation designed to replace the lawyer, has now been overwhelmingly accepted as a true asset to elevate the entirety of the legal practice. While there are still a few who have reservations about the adoption of Legal Analytics, those numbers are changing and the reasoning behind them is shifting. The survey results strongly suggest that as education on technology increases, this upward trend of adoption will continue to progress rapidly.
Lex Machina is hosting a webcast to discuss the findings of the survey on February 17, with Karl Harris, CEO of Lex Machina and Steven Lerner, senior reporter at Law360: 2022 Survey – The Impact of Legal Analytics.
To get the full survey results, including a complete infographic of the survey results please visit lexmachina.com/2022survey
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 160 countries with 10,400 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
About Lex Machina
Lex Machina 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 18 federal practice areas and a rapidly growing number of state courts. Lex Machina allows law firms and companies to anticipate the behaviors and outcomes that different legal strategies will produce, enabling them to win more cases and close more business.
Lex Machina was awarded "2021 Legal Technology Trailblazer" (National Law Journal, 2021), "50 Most Admired Companies of the Year" (The Silicon Review, 2021), and "Media Excellence Award for Analytics/Big Data" (13th Annual Media Excellence Award, 2021). 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.
View original content to download multimedia:https://www.prnewswire.com/news-releases/2022-annual-survey-finds-that-68-of-law-firms-use-legal-analytics—a-7-increase-over-last-year-301477080.html
SOURCE Lex Machina
PARIS (Reuters) -A $600 million contractual and safety dispute between Airbus and Qatar Airways deepened on Tuesday when the European planemaker revoked orders for two A350-1000 jets, days after ripping up an order from the Gulf carrier for 50 A321neos. Qatar Airways has sued Airbus for more than $600 million and is refusing to take delivery of further A350s until its regulator receives a formal analysis of erosion to the painted surface and underlying lightning protection on 21 of the jets. Airbus, which has two completed A350s ready for delivery to Qatar Airways, has said it has provided the necessary information on the problem of surface degradation and that the damage does not amount to a safety issue.
With the US labor market getting tighter and employees changing jobs or quitting in droves, Amazon has made a big move to become more competitive.
The electric-car maker did not disclose the exclusion, which already affected tens of thousands of vehicles being shipped to customers in China, Australia, the United Kingdom, Germany and other parts of Europe, the report said, citing two employees and an internal correspondence. Tesla decided against notifying customers as the part is considered a redundant backup and was not needed for the level 2 driver-assistance features, the report said, adding it was not clear if Tesla would make similar changes to the cars built in or shipped to the United States. Tesla has fared better than most automakers in managing supply chain issues by using less scarce chips and quickly re-writing software.
The evolving compensation packages are not new at Amazon, and for more senior Amazon employees it can mean recent hires in lower roles have higher salaries.
Everyone wants enough money waiting for them in retirement to live comfortably. But if you’re used to a certain lifestyle, you may need a bit more than the minimum amount. A nest egg worth $4 million can provide many retirees … Continue reading → The post How to Retire With $4 Million appeared first on SmartAsset Blog.
Auto makers are trying to curb the practice of adding fees to the suggested retail price, saying the tactic could cost dealerships future vehicle inventory.
Few companies have the stability at the top that Costco does. CEO Craig Jelinek has held the position since 2012 and had a long run with the company before he ascended to the top job. CFO Richard Galanti, who leads the company's earnings calls, has held his job even longer.
The billionaire is pushing McDonald's to treat pigs better, expecting the use of gestation crates to be banned altogether, the report https://on.wsj.com/34ugStX said, adding he recently bought around 100 shares in the restaurant company. The report did not say when he threatened to run a proxy fight. McDonald's said in a statement it has maintained an active dialogue with Icahn about its goal of creating a U.S. supply chain free of gestational stalls for confirmed pregnant sows.
(Bloomberg) — U.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to boost drilling. Most Read from BloombergAmazon Is Raising Base Salary Cap to $350,000 From $160,000We’re Fine Without Facebook, German and French Ministers SayOttawa Declares Emergency as Protests Spin ‘Out of Control’Meta Renews Warning to EU It Will Be Forced to Pull FacebookDOJ Seizes $3.6 Billion in Bitcoin Stolen in Bitfinex HackOil output will averag
State leaders this morning approved incentives for the project, which documents show would create 183 new jobs in Iredell County.
The payments token regained a market capitalization of $40 billion on Tuesday, moving above Cardano and Solana.
Meta’s apps may leave the continent, the company cautioned, citing privacy rules that complicate the business.
Wall Street analysts have highlighted two opportunities in the chip sector to beat the market in 2022.
Russian gas giant Gazprom may tap a field hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with gas under a recently signed deal, sources and analysts said on Tuesday. Russia, already Beijing's No. 3 gas supplier, has been strengthening ties with China, the world's biggest energy consumer, reducing its dependence on its traditional European energy customers amid a standoff with the West. President Vladimir Putin announced new gas supply deal with China on Friday, which would boost gas exports from Russia's far east where the pipeline network is not connected to traditional routes of its fuel exports to Europe.
John Abramson, Harvard Medical School Professor & drug litigation expert, joins Yahoo Finance Live to discuss the state of the opioid crisis, pharmaceutical lawsuits, prescription drug prices, and the culpability of pharmaceutical companies in drug deaths.
Not only are there strict rules about withdrawing 401(k) money prematurely, but your 401(k) could be the most valuable piece of your retirement income pie someday; most people do not have any other employer retirement plan. Today, they remain a popular choice for investors, as they offer a flexible, proven way to save for retirement. At the end of Q2 2021, (the most recent data available), 66% of all Americans participating in retirement plans were invested in 401(k) plans, which held an estimated $7.3 trillion in assets, according to the Investment Company Institute.
U.S. District Judge Rachel Kovner rejected Smalls' claim that Amazon had fired him because he is Black and had opposed discriminatory COVID-19 policies. Smalls' allegation that Amazon subjected a largely non-white workforce to conditions inferior to that of its mostly white managers, by failing to provide necessary protective gear, failed on the merits as well, Kovner said. Smalls had no immediate comment.
Analog Devices Inc. is expanding production and hiring in the Portland region, according to a report in the Oregonian. The newspaper reports the semiconductor manufacturer, which is based in Massachusetts, is responding to strong demand and beefing up staff and production at local sites in Beaverton and Camas, Washington. According to the Oregonian, the Beaverton site has 700 workers and will grow 40% over two years.
Citing “changes in work patterns,” a financial analytics firm has suspended long-running plans to add hundreds of workers in downtown Raleigh.
WASHINGTON (Reuters) -The Biden administration is in talks with both oil-producing and consuming countries to tackle high oil prices, White House spokeswoman Jen Psaki said on Tuesday, adding that all options are on the table. In November, the United States announced plans to release 50 million barrels of crude from the U.S. Strategic Petroleum Reserve to help cool oil prices, but prices are at just below seven-year highs. Asked if there would be further cooperative releases of strategic oil reserves with other countries, Psaki added: "All options remain on the table."

source