MENLO PARK, Calif., May 17, 2018 /PRNewswire/ -- Lex Machina, a LexisNexis company and creator of the award-winning Legal Analytics® platform, today announced the addition of new remedies analytics content for the platform.
Driven by customer demand, the new feature reveals grant and deny rates for permanent injunctions, preliminary injunctions and temporary restraining orders issued by specific judges or in specific districts for antitrust, commercial, copyright, employment, patent, securities and trademark litigation. The feature also adds new case timing data to the Legal Analytics platform, providing insights into the length of time it takes for judges to reach grant or deny decisions for these remedies. Armed with this information, attorneys can employ more effective legal strategies, reduce unnecessary legal spend and gain competitive advantage.
The addition of remedies analytics is the latest in a series of innovations and product enhancements that Lex Machina has introduced in recent months. Legal Analytics has been expanded to cover District Court bankruptcy appeals and product liability cases, as well as Delaware Court of Chancery litigation. The recently introduced Expert Witness Explorer app sorts and compares expert witness data and testimonial outcomes in product liability cases. The Legal Analytics platform now supports ten federal and state practice areas and eight Legal Analytics apps.
"The addition of remedies data is another enhancement to our Legal Analytics platform's rapidly expanding scope and functionality, and makes the platform even more of a 'must-have' tool for both in-house law departments and law firms," said Owen Byrd, General Counsel and Chief Evangelist at Lex Machina. "Deeper remedies analytics and insights has been one of the most requested features by our users. We're pleased to be able to address this feedback with remedies analytics and help our customers make more informed, data-driven business and legal decisions."
In Lex Machina's database of more than 1 million federal district court cases, there are 27,500 cases containing orders on motions for permanent injunctions, preliminary injunctions or temporary restraining orders. For these cases, Lex Machina data shows that permanent injunctions are granted in 88% and denied in 12% of cases when ruled on the merits. The trend varies, however, by practice area, with trademark cases seeing 91% of permanent injunctions granted when there is a judgment on the merits versus 86% of patent and 79% of employment cases. Legal Analytics users can gain even deeper insights by applying filters for specific judges or jurisdictions, and then use the results to better predict outcomes and develop winning legal strategies. Case filters for case type, case tags and time ranges may also be used to analyze remedies analytics for a specified group of cases.
Legal Analytics also contains data about other specific remedies pertaining to employment, antitrust, commercial and trademark litigation. The employment-specific remedies data includes reinstatement and promotion; antitrust remedies data includes divestiture; commercial remedies data includes replevin and specific performance; and trademark remedies data includes relinquish domain name and termination of mark. By using Legal Analytics' built-in filters, lawyers can now uncover data-driven insights to answer questions such as: Has any employee successfully obtained restatement in the Northern District of Florida? How can I find recent commercial cases in which my judge granted specific performance?
About Lex Machina
Lex Machina's award-winning Legal Analytics® platform is a new category of legal technology that fundamentally changes how companies and law firms compete in the business and practice of law. Delivered as Software-as a-Service, Lex Machina provides strategic insights on judges, lawyers, parties, and more, mined from millions of pages of legal information. This allows law firms and companies to predict the behaviors and outcomes that different legal strategies will produce, enabling them to win cases and close business.
Lex Machina was named "Best Legal Analytics" by readers of The Recorder in 2014, 2015 and 2016, and received the "Best New Product of the Year" award in 2015 from the American Association of Law Libraries. It was recently named a 2017 "Legal A.I. Leader" by the National Law Journal.
Based in Silicon Valley, Lex Machina is part of LexisNexis, a leading information provider and a pioneer in delivering trusted legal content and insights through innovative research and productivity solutions, supporting the needs of legal professionals at every step of their workflow. By harnessing the power of big data, LexisNexis provides legal professionals with essential information and insights derived from an unmatched collection of legal and news content—fueling productivity, confidence, and better outcomes. For more information, please visit www.lexmachina.com.
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SOURCE Lex Machina