According to the recently published 2023 Annual Legal Analytics Survey, almost 70% of legal professionals at law firms use legal analytics daily. The report also found that 79% of those who leverage data are required or somewhat expected to do so by clients. The survey, conducted by Lex Machina and LexisNexis, gauged the attitudes of users and non-users of legal analytics and received 400 responses.
Legal analytics is the science of drawing insights from large volumes of data. The responses from both users and non-users demonstrate that legal analytics is an essential component of effective litigation practice and business development, according to Karl Harris, the Chief Executive at Lex Machina.
The survey further highlights that the legal profession has overwhelmingly adopted legal analytics as an integral part of legal practice and business. While self-identified users overwhelmingly believe that legal analytics is invaluable or somewhat valuable, most non-users feel the same, with 85% of respondents choosing this option, up from 78% last year.
Legal analytics is used in different ways by firms. On the business end, 75% said the ability to leverage data helps demonstrate expertise to potential clients. Concerning the practice of law, 79% said legal analytics offers a competitive edge to users.
The survey was emailed to U.S. litigators, librarians, and legal business professionals at law firms between March 1 and March 14. The responses were aggregated anonymously. The report's findings demonstrate that legal analytics is here to stay and an essential, necessary component of effective litigation practice and business development.
