Applying analytics to Big Data crunching is the business model du jour. Cambridge Analytica is said to have 5k data points on every US citizen.
You can understand why FAAMG want to slurp up every last detail on us they can.
Premonition AI, a Miami analytics company, sells stats on lawyers’ win/fail rates, individual judges’ leanings and the best/worst places to have your case heard.
Premonition’s product is courtroom advantage.
In the $437 billion US law industry that advantage is worth $100 million which is the amount of VC money invested in Premonition. It’s the largest VC investment ever made in a lawtech company.
A big part of the $100 million was invested in the world’s largest litigation database.
“Our system has the data and intelligence to know who wins, what they win, and how. It disrupts everything,” says Premonition AI CEO Guy Kurlandski, “we show you the exact lawyer you need to represent you in front of a particular judge for a particular case type. Up till now, choices were made for all the wrong reasons.”
The common belief that the most expensive lawyer is the best lawyer is nonsense, says Premonition. It found that the top 20 best-performing US lawyers charged $358/hr to win 80% of cases, whereas average “Big Law” attorneys charged $727/hr to win just 53%.