Legal Indicators in Transnational Law Practice: A Methodological Assessment

Jurimetrics (2018) vol. 58, n° 2, pp 163-209.

HEC Paris Research Paper No. LAW-2021-1418

47 Pages Posted: 26 Feb 2021 Last revised: 6 Apr 2021

See all articles by David Restrepo-Amariles

David Restrepo-Amariles

HEC Paris - Tax & Law

Julian McLachlan

European Union - European Commission

Date Written: 2018

Abstract

With metrics and analytics spreading into every profession and discipline, evidence-based decision-making is on the rise. Legal practice is also concerned by this trend, as reflected in the growing use of quantitative data by law firms with respect to their corporate clients. Based on the examination of the potential uses of legal indicators in an evidence-based approach to transnational law practice, this article argues that indicators can provide lawyers operating in a transnational context with a relevant source of evidence to move towards a quantitatively informed practice of law. While most academic literature on legal indicators focuses on their governance effects, writings on evidence-based law have not yet investigated the contribution that indicators can make to law practice. This article aims to bridge this gap. It provides a methodological assessment of eight major business law indicators and illustrates four potential applications: (1) ranking and benchmarking, (2) screening, (3) measuring legal risk, and (4) supporting litigation. The article concludes that transnational lawyers should employ transnational legal indicators on a daily basis as an opportunity to reengineer legal practice along the lines of the management culture in which transnational firms now live in.

Keywords: legal indicators, indexes, analytics, evidence-based law

JEL Classification: K12, K22, K30, K35, K41, M42, M48

Suggested Citation

Restrepo-Amariles, David and McLachlan, Julian, Legal Indicators in Transnational Law Practice: A Methodological Assessment (2018). Jurimetrics (2018) vol. 58, n° 2, pp 163-209., HEC Paris Research Paper No. LAW-2021-1418, Available at SSRN: https://ssrn.com/abstract=3753523

David Restrepo-Amariles (Contact Author)

HEC Paris - Tax & Law ( email )

1 rue de la Libération
Jouy-en-Josas Cedex, 78351
France

Julian McLachlan

European Union - European Commission ( email )

Rue de la Loi 200
Brussels, B-1049
Belgium

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