The sudden arrival of analytics to traditional industries is transforming the way that consumers choose professional services. Premonition, is empowering consumers to compare the best litigators for their case type by creating the world's largest litigation database then using computational algorithms to mine big data. The result is "a very, very unfair advantage in litigation", according to the company.
Premonition’s system can track the best lawyers by actual performance data; win rate, case type, case duration and judge. The company claims, based on their findings, that the right lawyer & judge pairing can influence the outcome of the case by an average of 30.7%.
As big data mining continues to improve, we are likely to see this happening across other industries.
In Premonition’s case, its web-crawling technology scours rulings to examine judgments and outcomes and breaks the information into readable and actionable reports and charts that can be used for litigation analysis and when making decisions about who to hire or fire. Firms can also use it to identify attractive litigation clients, based on the client’s record in previous actions.