Check out my new article: https://litigationfinancejournal.com/legal-finance-and-legal-analytics/

The impact of legal analytics will soon become priceless, according to a new report. As big law embraces the next generation of technology, adoption acceleration can be tracked via balance sheet line items. Big data sometimes can be a misnomer, but now more than ever, dashboard signals indicate the investment in technology may be paying off.

BufordCapital.com recently conducted a survey sampling the role of technology in modern litigation finance practices. Results showed that 98% of respondents attribute technology as a beneficial analytical tool to overall litigation success. Burford claims that adding legal analytics tools to a successful litigation practice is the future of litigation investment. 

Technical analytics tools are now being engaged to evolve litigation portfolios into ‘unicorns,’ according to Buford. Traditionally, the term unicorn is attributed to a $1B corporate valuation. Refer to Buford’s research to learn more about technology and litigation finance.