The Malpractice of Hunches: Data Analytics
Clients ask lawyers the most important questions facing their families and trust lawyers for their expertise. But lawyers answer these questions, for the most part, based on limited experience (at best) or hunches (at worst).
Businesses analyze data for every part of their business, from marketing and supply chain to personnel and sales – every part except law.
As clients seek to make more data-driven decisions, what obligation do law firms have to collect and refine data about opposing parties, judges, outcomes, and costs? Under the Model Rules of Professional Conduct, are lawyers obligated to employ and supervise artificial intelligence and data analytics tools?
Ed Walters is the CEO of Fastcase, a legal publishing company. He also serves as an adjunct professor for the Georgetown University Law Center and Cornell Tech – where he teaches the Law of Robots. His classes explore the frontiers of law governing intelligent agents, autonomous machines, drones, and robots.
As the CEO of Fastcase, Ed is responsible for managing the company’s strategic direction with a special emphasis on product development, finance, business development, and licensing. Before founding Fastcase, Ed worked at Covington & Burling, where he advised Microsoft, Merck, SmithKline, the Business Software Alliance, the National Football League, and the National Hockey League. His practice focused on corporate advisory work for software companies and sports leagues, and intellectual property litigation.