This is part three in my attempt to help data-minded attendees navigate ILTAcon ‘17. Part one covered Sun-Mon sessions and networking events, part two covered Tuesday’s sessions, part three (this post) will cover Wednesday (AKA data science Wednesday), post four will cover Thursday, and post five will discuss the amazing ILTA solution provider community supporting the data analytics needs of law firms and corporate legal departments.
Wednesday, August 16th
[8:00 AM - 9:00 AM] Vendor Demo Room Session - Accelerate and improve the accuracy of contract review with machine learning :This session will provide (a) a basic-to-intermediate discussion of machine learning technology as applied to contracts and similar documents, and (b) a demonstration of Kira. Kira identifies provisions from contracts in virtually any format, helping professionals work quickly and accurately through contract review tasks such as due diligence. Our customers, who include some of the world's largest corporations and professional services firms, have trusted Kira on hundreds of billions dollars of M&A transactions to date. #VEND_42
[9:00 AM - 10:00 AM] Getting to the Root: How Advanced Analytics Can Uncover Cost Drivers for Legal Matters: Demand from both law firms and legal departments has never been higher for accurate, actionable information about the cost and cycle time of legal matters. While data quality, consistency and process issues remain significant barriers for some of this work, advanced statistical and analytical tools have been applied to estimate matter budgets and are starting to provide insights that guide case and deal decision-making. #ILTAG87
[9:00 AM - 10:00 AM] Beyond the Hype: Putting AI to Work at Liberty Mutual: Neota Logic and Liberty Mutual will share details of the design and implementation of Neota Logic's AI-driven expert system platform to automate document creation and drive internal efficiencies at Liberty Mutual. #ILTASS18
[11:00 AM - 12:30 PM] Data? Science. Now! The new currency in the modern marketplace is data – regardless of industry. Insight from structured and unstructured sources has become a critical differentiator for success in a connected business world. Now discoverable are data related to your practice from a range of new sources (e.g., the Internet of Things). How do you focus on converting data into insight and insight into action? You don’t have to be a data scientist, but you do have to mandate new skills, new infrastructure and new workflow for your practice. We will highlight new solutions that enable interactive visualization, customization of personal dashboards and automation of alerts and workflow to put insight in the hands of experts that can drive immediate revenue and value for your firm. #ILTAG100
[11:00 AM - 12:30 PM] Artificial Intelligence in Law: From Theory to Practice (Part 3 of 3): In part three of this three-part series on artificial intelligence (AI), we'll take a deep dive into how law firms and legal departments are using AI in practice today to achieve results for their organizations and value for their clients. Learn how you can take AI from theory to practice. #ILTAG101
[11:00 AM - 12:30 PM] Prosperoware Umbria: An Enterprise-Class Practice Management Software: Come learn more about market forces and the interdependence of the new skill sets required of law firms. We will demonstrate how Umbria is helping firms tie data together into an actionable format that achieves optimal opportunity management, effective pricing and staffing of matters, and efficient matter delivery at the agreed price, under any fee arrangement. #ILTASS19
[3:30 PM - 4:30 PM] The Power of Monitoring (A Matter Dashboard Showcase): Clients are requesting more alternative fee arrangements and demanding better efficiency from law firms. How can you ensure that your matter billing is on budget? Come learn about the benefits of matter monitoring, see sample dashboards and discover what attorneys really do with the information. #ILTAG111
[3:30 PM - 4:30 PM] Microsoft Dynamics 365, Office 365 and Azure Cognitive Services Over the past year, Microsoft has continued its focus on innovative solutions that support digital transformation in the legal profession. We will follow the business life cycle to highlight new solutions that improve client engagement, employee productivity and practice management and where advanced analytics, machine learning and artificial intelligence play a role in accelerating and optimizing the life cycle. #ILTASS23
[3:30 PM - 4:30 PM] Moneyball for Lawyers: How Legal Analytics is Transforming the Business and Practice of Law: Imagine you could make a data-driven prediction about how opposing counsel, a judge or a party to litigation will behave. What if you could anticipate the results of a specific legal strategy or argument? Would you continue relying exclusively on traditional legal research or firm know-how and reasoning to inform the advice you give clients, the documents you draft, the negotiations you conduct and the arguments you make? Or would you integrate legal analytics into your lawyering by practicing Moneyball for lawyers? #ILTAG114
See you in sessions!
Tim