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North America Innovative Lawyers 2017: Data, Knowledge and Intelligence - Law firms and legal service providers

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Law firms and legal service providers
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StandoutDLA Piper98926In partnership with Axiom Consulting, has built a predictive analytics tool to address loss in revenue from existing clients. It reviewed data on thousands of client records and developed a retention strategy for each one. The result was a significant increase in revenues ($38m) through reducing the size of client matter teams, adding one or more industry experts to the team and running focused marketing initiatives for each client.
StandoutKirkland & Ellis89825Has developed CTRAN, a proprietary database providing useful information on previous deals and giving attorneys with real-time data on a customised dashboard. It allows the firm to recognise trends for deal terms and use that information for the benefit of clients.
Highly CommendedCooley77822Introduced a Seed Convertible Notes financing module to its Series Seed service, which is a package of legal documentation created by the firm to support entrepreneurs looking for seed funding. It has the potential to disrupt the legal services market for start-ups as it is free for users.
Highly CommendedLittler Mendelson77822Has created Littler Edge, an online platform that aggregates the firm’s legal content, thought leadership and guidance focusing on employment law, made accessible for clients. They can access legislative developments in the US and more than 30 countries.
CommendedBallard Spahr77721Created a fee management system that allows it to model, track and price matters in real time.
CommendedKirkland & Ellis77721Developed a customised database to track the experience of clients with the firm, which helps it in pitches and business development approaches. The litigation module helps it track and analyse case outcomes for clients.
CommendedLittler Mendelson77721Has built an internal case management platform that is an internal network for managing litigation. It integrates email, chat, document management and financial information into an easily accessible dashboard format for its attorneys.
CommendedSquire Patton Boggs77721In creating a matchmaking service supporting for clients buying or selling a business, the firm compiled an internal database of relevant market opportunities from its network of connections.
CommendedProskauer67720Created a database focused on providing real-time, internal intelligence on the state of private credit markets for clients. It offers insight on current trends, deal value and volume, deal types, and industries and lenders.
CommendedSullivan & Cromwell77620Created the Banking Enforcement Actions Tracker, or BEAT, is a publicly available database of banking enforcement and related actions against banks since 2008. Data help clients to identify trends and enhance decision-making.
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