Stewarts and Solomonic celebrate the first anniversary of their litigation analytics collaboration

A year is a long time in legal tech and the past one has certainly been productive for Stewarts and Solomonic, a rapidly growing litigation analytics start-up.

In the summer of 2018, Stewarts became the first law firm to collaborate with Solomonic. Solomonic is now being used by a number of other major firms and companies and has been heavily featured in the legal and financial press. It recently received funding from Innovate UK to accelerate its machine-learning capabilities.

Throughout Solomonic’s journey, Stewarts has been an indispensable partner providing first concept-validation, beta-testing and a steady stream of feedback and suggestions.

Stewarts’ feedback led Solomonic to develop its innovative settlement data feature. Stewarts’ observed that as only a minority of cases conclude with a court determination, it is essential to try to identify the proportion of cases of differing types that either settle or are discontinued. 

Such data could be highly informative, not just for the advice given to a client but also to a law firm, litigation funder or ATE insurer if an alternative funding arrangement is under consideration. It was Stewarts who gave guidance on the best way to access the court data that generates these insights.

Stewarts and Solomonic look forward to continuing to work together and broadening the platform’s data and features with a view to extracting the insights that can most powerfully assist Stewarts’ clients.

HFW announces development partnership with litigation analytics start-up Solomonic

Leading global disputes law firm HFW has announced a development partnership with litigation analytics start-up Solomonic.

Under the partnership, HFW lawyers will be able to access the Solomonic system, which uses detailed court data to enhance predictions, optimise case research and improve outcomes.

In return, Solomonic will be able to call on HFW's deep commercial litigation expertise to help develop its platform and data analysis, and to expand its system into new modules and jurisdictions.

Noel Campbell, Head of HFW Litigation:

"Combining Solomonic's data with our experience and expertise as litigators will allow us to be more efficient and effective as lawyers, and ultimately enable our clients to make more informed, commercial decisions about resolving their disputes."

Gideon Cohen, Co-Founder, Solomonic:

"HFW is the ideal firm to help us develop Solomonic. It is not just HFW's enviable litigation volume and record of success; the firm's significant global reach, with leading practices in key disputes jurisdictions around the world, will also be invaluable in helping us expand our offering internationally."

HFW has one of the largest and more active disputes practices in the market, covering litigation, international arbitration and alternative forms of dispute resolution.

The firm has 350 specialist disputes lawyers across the Americas, Europe, the Middle East and Asia-Pacific, and frequently litigates on behalf of clients in courts around the world.

Independent court data published by The Lawyer revealed HFW to be the most active law firm for litigation in the English Commercial Court over a four-year period, from 2015 to 2018.

About HFW

HFW is a leading global law firm in the aerospace, commodities, construction, energy, insurance, and shipping sectors. The firm has more than 600 lawyers, including 185 partners, based in offices across the Americas, Europe, the Middle East and Asia-Pacific. HFW prides itself on its deep industry expertise and its entrepreneurial, creative and collaborative culture.

Enyo Law bolsters its advice for clients with Solomonic litigation analytics

Specialist disputes firm Enyo Law has selected Solomonic’s case analysis database to bring a further and more precise data dimension to its litigation practice.

The decision is further evidence that the UK Disputes sector is embracing the use and value of data and analytics to enhance litigation practice and decision-making.

Senior Partner, Simon Twigden said, “Litigation is inherently uncertain. Solomonic’s data and analysis mean we can bring a whole new layer of insight to our advice that can be of material benefit to our clients in determining if, when, and how to litigate.”

Gideon Cohen, Solomonic co-founder commented, “We are delighted that Enyo Law has chosen to work with us. They have a formidable reputation and we believe the addition of our data and analytics will have a material benefit for the expertise they provide and the outcomes they deliver for their clients.”

ABOUT ENYO LAW

Enyo Law is a specialist disputes firm with an outstanding reputation for achieving success for its clients. Founded in 2010 with the objective of creating a leading conflict-free disputes practice, Enyo Law has built on the results achieved by its dynamic team to become one of the largest and most successful disputes firms in the City.

AxiaFunder and Solomonic litigation analytics, partner to deliver a new generation of financing decision-making

Commercial Litigation Crowdfunding Platform, AxiaFunder and Solomonic litigation analytics have agreed a partnership where Solomonic will provide AxiaFunder with the statistical data to support their case evaluation and due diligence Workflows.  

Cormac Leech, founder and CEO of AxiaFunder said, “for us moving to a process for determining funding that is based on rigorous data is critical to our business model and Solomonic’s data and analysis in unrivalled in the UK market.”  He added, “Our goal is to transform litigation funding by introducing a wider group of sophisticated investors to litigation assets that traditionally haven’t been funded in this way.  To do that we have to have more dynamic case evaluation supported by data, rather than relying solely on the traditional approaches still in use in the sector. “

AxiaFunder adopts a comprehensive, six-part review in selecting cases eligible for funding by investors, with the prospects for success fundamental to the decision. AxiaFunder will use Solomonic’s robust and extensive Commercial data set and outcome calculators to help determine relevant base rates for the claim type both to inform the review and as part of their due diligence before any claim is promoted to potential investors.

Gideon Cohen, Solomonic co-founder commented: “we are delighted to be partnering with AxiaFunder. Their approach is transformational and because our data is so rigorous and brings so much additional value, will make a meaningful contribution to the proposition they offer to investors in litigation financing.” 

About AxiaFunder:

AxiaFunder is an online crowdfunding platform that connects investors with carefully vetted commercial litigation opportunities that AxiaFunder believe have the potential to generate attractive risk-adjusted returns. Each selected case is made individually available for investment through a bond or equity investment. AxiaFunder's team have a combined 40+ years of financial experience and a combined 30+ years of litigation experience. AxiaFunder is focusing on the smaller end of the commercial litigation market (mainly in the UK and continental Europe) where they believe there is a significant shortage of capital and many clearly viable cases.

AxiaFunder is a trading name of Champerty Limited (FRN 811606), an appointed representative of Share In Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN 603332).

Solomonic off to a fast start in 2019

Leading global law firm Herbert Smith Freehills, and UK Research and Innovation, have given litigation analytics start-up Solomonic and Warwick Business School a fast start to 2019; and signalled the rise of litigation data as a critical tool in the dispute resolution lawyer’s arsenal.

Herbert Smith Freehills have successfully completed the first stage of their development partnership with Solomonic, and have agreed a deal to roll out Solomonic’s litigation analytics platform across their UK disputes team.

Donny Surtani, a Partner at Herbert Smith Freehills, noted: “We are very excited to be further cementing our relationship with Solomonic. The use of litigation data and analytics is an important tool – shaping the future of how litigation is practiced.”

Litigation analytics is now increasingly seen as critical to the evolution of the litigation sector in England and Wales. This was reinforced by the decision of UK Research and Innovation to help fund a partnership between Solomonic and top ranked Warwick Business School, to develop the machine learning capabilities which will drive world-leading litigation data and analytics.

The funding was provided through the Government’s modern industrial strategy by Innovate UK, part of UK Research and Innovation.

Professor Joe Nandhakumar from Warwick Business School, said: “We are thrilled to be collaborating with Solomonic. They have the vision, the legal expertise and the execution capability to really turn machine learning technology into a high value reality for practitioners.”

Gideon Cohen, Solomonic co-founder, commented: “2019 is off to a great start. Herbert Smith Freehills are top ranked globally for their litigation work, and we are very excited to be deepening our relationship with them. In particular, we look forward to working with them to mould the new offerings we are developing for settlement data and Chancery division judgment analytics.”

He added: “The vote of confidence in our vision from Innovate UK, and the scalability that our AI project will enable, will help us to accelerate the value we can provide for the key players in the litigation sector.”

Herbert Smith Freehills harness power of data analytics

Herbert Smith Freehills has launched a pilot to evaluate how data extracted from judgments and smart analytics might help prepare clients facing litigation.

The firm has partnered with Solomonic, a data and analytics platform, to provide its lawyers with hard data and analytics on all the sitting judges in the Commercial Court – as well as the most recent eight retirees – going back more than fifteen years.

Combined with the litigation experience Herbert Smith Freehills’ lawyers have and existing analytical tools already in use by the firm to assist in strategic decision-making, this new tool will enable the firm’s lawyers to map-out the historic pattern of rulings for particular judges.

The platform will also allow the firm to cut the data to analyse judicial decisions by: type of case or application; the relationships between outcomes and factors such as counsel team size, make-up and the type of evidence involved; attitudes towards styles of legal submissions, expert evidence and practitioner texts; and the different judges’ track records on appeals.

Led by Herbert Smith Freehills Partners Alex Oddy and Donny Surtani, the pilot will be used to assist with tactical decision making around an approach to a matter and used as added statistical support when advising clients.

Commenting on the pilot, Donny said: “We help our clients with a wide range of large-scale commercial litigation across the globe. Providing pragmatic advice that is supported by rigorous data and analytics will assist us in supporting them in managing those disputes, confident that we will guide them to the most commercial resolution.

“Increasingly, litigation decisions in the USA and other jurisdictions are being informed by robust data and statistical analysis. This is an opportunity for us to bring the same thinking and approach to the English High Court.”

Solomonic Co-Founder Gideon Cohen added: “We are delighted to be working so closely with Herbert Smith Freehills. In addition to their global reputation, their business orientation makes them a natural proponent of a data supported approach to managing disputes.

“We know that litigation work consists of a series of complex and finely balanced decisions. Utilising our smart data and analytics dashboard adds valuable statistical context and insight at each of those key decision-points. All of that adds up to a very material advantage when seen across the lifetime of a case.”

Stewarts embraces data science with legal-tech start-up, Solomonic

Litigation law firm Stewarts has announced that their Commercial Disputes group will be working with litigation analytics and research start-up Solomonic, to pilot the release of their new platform.

Stewarts are exploring how data science and litigation analytics can add to their case preparation and strategy.

Julian Chamberlayne, Stewarts KM & Compliance Partner says: “A key part of litigating successfully is making the best possible decisions on everything from tactics to personnel, from arguments to settlement or taking a case to trial. The outcome of cases is influenced by the cumulative effect of those decisions. We look forward to collaborating with Solomonic as they continue to develop an analytics platform which we anticipate will give our litigators data and insight that will help inform the advice we provide to clients.”

He adds, “The use of data extracted from judgments, and smart analytics derived from that data, is one more way to supplement our expertise and further enhance our innovative approach to litigation – including litigation funding”.

For Solomonic, the opportunity to work with the UK’s largest litigation-only law firm will bring significant value and insight to the development of its analytics and research offering, planned for commercial launch to the wider legal sector in the autumn.

Solomonic Co-Founder Gideon Cohen said: “We are delighted to be working so closely with Stewarts. They are driven by a desire to get the best possible outcomes for their clients, and we believe that our innovative smart data and research tools will provide them with significant value.”

Behavioural scientist, Dr Henry Stott, Co-Founder of Solomonic and CEO of Decision Technology said, “We have developed a meticulous process for extracting high quality data from court documents and have observed reliable and interesting patterns within that data which support statistical and algorithmic modelling.  This has yielded significant insights for litigators.”