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Law Firms Enter the Golden Age of Data Mining

By Doug Stansfield
December 01, 2019

As a matter of practice, law firms generate and store incomprehensible amounts of data. Most, if not all, of that data has been digitized and many firms that recognize the untapped value of their data have begun to leverage sophisticated technologies to mine it for reusable work product and valuable insights. While most large law firms with 50 or more attorneys are currently mining data, not all of them are doing it well. Data mining is a relatively new practice in the legal space and the data profiles of firms are highly variable from one organization to another, so identifying the right tools and prioritizing initiatives can be challenging.

While it is likely that data mining could also be highly beneficial to smaller firms, it is much less common among them, primarily because their practices tend to be local or regional. In these firms, there is a tendency to rely on local colleagues and anecdotal information for strategic insight.

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