Press release
Legal Analytics Market Giants Spending Is Going To Boom | Analytics Consulting, Wolters Kluwer, Thomson Reuters, Argopoint
Legal Analytics
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Major players profiled in the study are:
Wolters Kluwer (Netherlands), Thomson Reuters (Canada), MindCrest (United States), UnitedLex Corporation (United States), Argopoint (United States), LexisNexis (United States), Premonition (United States), Analytics Consulting (United States), The Bureau of National Affairs (BNA) (United States), IBM Corporation (United States)
Scope of the Report of Legal Analytics
The legal analytics market is expected to witness significant growth during the forecast period. Legal analytics manages the process of extracting knowledge from current legal data to help internal legal teams and decision-makers on certain legal matters. This is done by forecasting strategy, comparative legal costs, process development, financial operations, and resource management. Litigators use legal analytics to reveal trends and patterns in past litigation that inform legal strategy and anticipate outcomes in current cases. Further, it relies on advanced technologies, such as machine learning and natural language processing, to clean up, structure, and analyze raw data from millions of case dockets and documents.
June 2019 - LexisNexis launched its Environmental Litigation module. The module provides detailed data and analytics on over 14,700 environmental cases pending in federal district court since 2009, including thousands of multi-district litigation cases. In addition to capturing all the environmental cases, Lex Machina used machine learning and natural language processing algorithms to find and tag environmental-related cases that were filed under other NOS codes.
The Global Legal Analytics Market segments and Market Data Break Down are illuminated below:
by Type (Descriptive Analytics, Prescriptive Analytics, Predictive Analytics), Deployment Mode (Cloud, On-premise), Component (Solution, Services), End User (Corporates, Law Firms, Others)
Market Opportunities:
• Increasing Demand for Legal Analytics Across Verticals
Market Drivers:
• High Demand due to Analytics Solution Helps in Risk Assessment and Informed Decision Making
• Legal Analytics Provide an Economical way to Perform Complete Legal Research and Strategize for a Defense along with the offense
Market Trend:
• Growing Demand for Automation in Legal Analytics for Data-Driven Decision Making
• Increase in Productivity and Revenue of Law Firms
What can be explored with the Legal Analytics Market Study?
• Gain Market Understanding
• Identify Growth Opportunities
• Analyze and Measure the Global Legal Analytics Market by Identifying Investment across various Industry Verticals
• Understand the Trends that will drive Future Changes in Legal Analytics
• Understand the Competitive Scenarios
- Track Right Markets
- Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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Strategic Points Covered in Table of Content of Global Legal Analytics Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Legal Analytics market
Chapter 2: Exclusive Summary - the basic information of the Legal Analytics Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Legal Analytics
Chapter 4: Presenting the Legal Analytics Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2022
Chapter 6: Evaluating the leading manufacturers of the Legal Analytics market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2030)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Legal Analytics Market is a valuable source of guidance for individuals and companies.
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Advance Market Analytics is Global leaders of Market Research Industry provides the quantified B2B research to Fortune 500 companies on high growth emerging opportunities which will impact more than 80% of worldwide companies' revenues.
Our Analyst is tracking high growth study with detailed statistical and in-depth analysis of market trends & dynamics that provide a complete overview of the industry. We follow an extensive research methodology coupled with critical insights related industry factors and market forces to generate the best value for our clients. We Provides reliable primary and secondary data sources, our analysts and consultants derive informative and usable data suited for our clients business needs. The research study enables clients to meet varied market objectives a from global footprint expansion to supply chain optimization and from competitor profiling to M&As.
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