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I had the pleasure of joining my first Los Angeles Legal Innovations/ Legal Hacking Meetup group last Monday, January 27th. It was held at IndieDesk, which is a co-working space located downtown on Broadway, between 8th and 9th street. The speaker, Adam Long from Praedicat Inc., discussed the effect of big data on the legal field. The first question that popped into my head was: What is big data? Adam mentioned that there is really no standard definition for big data; however, a simplified definition is: “high volumes of data that cannot be analyzed by traditional ways or tools.” The collection of big data can predict future events, upcoming trends, and patterns within the legal field. Adam gave us four examples of how big data impacts law-practice: eDiscovery, legal spending management, litigation management and risk management. […]
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