A timely study from Harvard Business Review and DCM Insights examining BD behaviours in law firms brought attention to some outdated practices and proposed a blueprint for achieving high performance in BD – The Activator. Our CRO, Pete Nussey, draws an additional conclusion, that data and analytics play a vital role in the making of a modern-day rainmaker and are key to achieving top performance.

Generative AI has taken the world by storm. The advances we are seeing are happening very quickly and pose a significant set of challenges for lawyers, their roles, and the future courtroom. Solomonic and TrialView joined forces to host an online discussion on the topic.

Grant McCaig, Head of Litigation at Phoenix Group, discusses how Solomonic’s analytics bring unparalleled value to assessing merits and risks in complex cases. Read how providing structured data and context, Solomonic enables in-house litigators to effectively communicate with sophisticated stakeholders, including boards and senior executives.

Litigation analytics improves predictions and outcomes in litigation by combining statistical analysis, modelling and human review. It enhances the role of litigators and helps them provide better advice based on accurate data. It assists in determining case strategy, finding the best arguments, and facilitating settlement negotiations. Although the availability of case data in the UK is limited, the demand for data-driven decision-making is increasing.

Solomonic closely monitors litigation claims and provides valuable market intelligence and data to customers such as lawyers, insurers, and litigation funders. Daily updates on newly issued claims are particularly useful because defendants are often unaware of them. This information is crucial for staying ahead, whether as a litigant, insurer, or litigator seeking to build relationships with clients or prospects.