You’re gonna need a bigger boat! – big data and the modern law firm
25 February 2014 18:42
by Joanna Goodman
Big data has been hailed as the next big thing to hit legal tech and has already become a force in US litigation. Legal Business assesses the prospects for the analytics-powered law firm
In 2011, McKinsey defined big data as ‘datasets whose size is beyond the ability of typical database software tools to capture, store, manage and analyse’ and hailed big data analytics – applying algorithms to crunch together numbers from disparate sources to uncover new correlations, patterns and trends – as ‘the next frontier for innovation, competition and productivity’.