Big Data in The Legal Landscape

Big Data In The Legal Landscape
Helping Lawyers Think Like Businessmen
As our name suggests, our clients can expect solutions that are perfect and to the point. We take great care to ensure that our work quality exceeds client expectations.
Executive Summary
The Internet is a treasure trove of information. Yet it is a real challenge to extract credible and usable intelligence from the Internet. In this whitepaper, we will take a look at how quality Internet research on the top 50 LLP firms based in the UK helps law firms in the UK to stay a step ahead in the marketplace. This will prove to be an interesting read for professional service providers like chartered accountants, lawyers, engineers and architects who are interested in using the power of Big Data to gain an edge over their competitors.
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P o i n t P e r f e c t Tr a n s c r i p t i o n S e r v i c e s ( In d i a ) P v t . Lt d
Understanding Big Data

The vast majority of the Internet is not indexed by search engines. This un-indexed portion of the web is termed as Deep Web and is where a huge untapped resource lies. Information present in dynamic web pages, in databases that cannot be indexed or just in one of the pages that are far beyond the remove of crawler bots are all part of the Deep Web. The current magnitude of this information is in the order of 2 zettabytes which is a unit of information that is 540 times larger than a computer file containing every word ever spoken. This massive source of data is termed Big Data.
The volume of data on the Internet exceeds 2.7 zettabytes
Using Big Data

Dashboards that slice and dice the data according to meaningful parameters that help executives in the boardroom see the complete picture
Big Data is extremely useful for picking up trends in the fields of commerce, finance, healthcare and politics. Before Big Data is used, it must be mined from the Deep Web, validated for accuracy and stored in data warehouses with the appropriate classifiers. Once this is done, we can build dashboards that slice and dice the data according to meaningful parameters to help boardroom executives take strategic decisions. The major advantages of using Big Data include Transparency Most of the information accumulated comes from public sources of information that were previously not organized in a meaningful manner Intelligence The ability to view the entire landscape of your profession will help you to stay a step ahead of your competitors Innovation Big Data allows you to innovate by creating new service models to serve your clients once you have spotted patterns that can be exploited
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Data Mining in the Legal Landscape
Our editors have over vast experience in mining the Internet for business intelligence in the legal domain
We support a legal intelligence firm in delivering business intelligence solutions. We mine information from the Internet using advanced data extraction techniques to gain a clear picture of the market position of the top 50 LLP law firms in the UK. Our data mining efforts encompass the following activities.
Lawsuits in which firms have appeared as counsel
categorized based on industry, geographical location and nature of the legal aid provided.
Existing and new offices opened by firms and their
practice specialization.
Size and geographical details of legal offices Role played by the legal firm in major business
events of their clients like mergers, acquisitions, audit and lawsuits.

Mergers and acquisitions among law firms. Profiles of partners of law firms with a particular
focus on area of specializations, growth within the firm, work location and major clients solicited.
Track lateral hiring of partners and other career
changes.
Entry of a law firm in a new area of specialization. Financial performance including operating margins Staff costs and overheads Historical data about changes in margins Debt profile of legal firms Fee income earned by the firm over the years
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Business Intelligence for Lawyers

These dashboards help you to visualize market trends The data warehouse that we build is the foundation for our business intelligence dashboards. These business intelligence tools help lawyers and law firm managers especially those who are involved in human resource planning, strategy and business development. A small sample of the kind of intelligence that effectively mined data can provide
Sector-wise % of business in practice areas such as
mergers and acquisitions, taxation, etc.

Percentage change in profit per equity partner Percentage lateral joiners by practice area Fee income earned by firms Partners who have made lateral moves over the years Potential locations for growth
About Us
Point Perfect Transcription Services (India) Pvt. Ltd was founded in 2001. As the name suggests, the first IT enabled service that we provided was transcription. After witnessing over 200% growth in the first two years, we branched out into data mining and data analytics services for legal, financial and pharmaceutical clients. A decade later, PPTS enjoys an envious presence in clinical trials data management, legal intelligence, medical transcription. Visit our website at www.pptservices.com
www.pptservices.com
Any comments relating to the material contained in this document may be submitted to: Point Perfect Transcription Services (India) Pvt. Ltd 7th Floor, Tower 1-A, India Land KGISL Tech Park Pvt. Ltd., CHIL SEZ, New Keeranatham Main Road, Keeranatham Village, Saravanampatti, Coimbatore - 641 035 or by email to: contact@pptservices.com
Copyright 2012 Point Perfect Transcription Services (India) Pvt. Ltd All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of the copyright owners.
All trademarks are the property of their respective owners. All other brand, company, and product names are used for identification purposes only and may be trademarks that are the sole property of their respective owners.
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Big Data In The Legal Landscape

Helping Lawyers Think Like Businessmen