Leveraging Legal Analytics and Spend Data as a Law Firm Self-Governance Tool

XIII J. BUS., ENTREPRENEURSHIP & L. 71 (2019)

16 Pages Posted: 25 Feb 2020

See all articles by Nancy B. Rapoport

Nancy B. Rapoport

University of Nevada, Las Vegas, William S. Boyd School of Law

Joseph R. Tiano, Jr.

Legal Decoder Inc.

Abstract

This paper discusses the advantages that law firms can get by using legal analytics (big data) to analyze how they do their work for their clients (and how their clients can benefit as well). We discuss the external forces that are reshaping the economics of today’s legal industry; the types of decisions, in determining how best to represent a client in a given matter, that tend to drive up costs; the possible reasons for those decisions; how law firms can use data-analytics tools to examine their own choices; and the benefits that stem from a data-driven analysis of those choices.

Keywords: legal ethics, professional responsibility, legal analytics, big data, law firms, clients, fees, staffing

JEL Classification: J0, J3, J4, K0, K2, K3, K4, M0, M1, M2, M5

Suggested Citation

Rapoport, Nancy B. and Tiano, Jr., Joseph R., Leveraging Legal Analytics and Spend Data as a Law Firm Self-Governance Tool. XIII J. BUS., ENTREPRENEURSHIP & L. 71 (2019), Available at SSRN: https://ssrn.com/abstract=3525660

Nancy B. Rapoport (Contact Author)

University of Nevada, Las Vegas, William S. Boyd School of Law ( email )

4505 S. Maryland Parkway
Box 451003
Las Vegas, NV 89154-1003
United States
713-202-1881 (Phone)
702-895-2482 (Fax)

HOME PAGE: http://www.law.unlv.edu

Joseph R. Tiano, Jr.

Legal Decoder Inc. ( email )

105 North Virginia Avenue
Suite 204
Falls Church, VA 22046

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