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Legal Risk Map Driven by Accurate Data

by Verdict Mind

Living in a Data-Driven reality entails managing business operations based on data, a method that can also be applied in making accurate legal decisions.

Is your office a data-driven organization? Do you utilize graphic indicators to map customer risks? Which visual analytics software is used for presenting results? How proficient is your team in legal data science? If these questions provoke thought, then this article will be beneficial for you.

I previously discussed Visual Law and shared advice for recent graduates in my articles.

A practical example of using “visual analytics” in the management of a law firm is showcased by Dr. Aglaupy Oliveira, Legal Manager at Corona and Bio Sociedade de Advogados office. This young lawyer was motivated to find innovative ways to improve process management and enhance client satisfaction. Sharing successful cases like this one is important to recognize their achievements and potentially offer solutions to others facing similar challenges.

Dr. Aglaupy, who inspired our case study, has been exploring ways to introduce innovation in the field of law for the past year. Despite completing various educational activities such as courses, seminars, and reading materials related to data science in law, he felt the need for practical experience. To bridge this gap, he started attending Thomson Reuters webinars on jurimetry and visual law, and discovered the Legal One Analytics platform designed specifically for the legal sector.

The office quickly started using the tool and soon began working on its first cases, starting with creating a “process risk map” template. Let’s discuss this in more detail. Have you considered organizing your client’s portfolio using a dashboard that tells a story? This dashboard could show how the client’s administrative and legal cases are distributed in terms of volume, geography, case outcomes, average values, portfolio progress, and more. It would feature visual comparisons, insights, conclusions, and final thoughts – all customized with your or your client’s branding and readily available for replication in your workflow.

Corona and Bio realized they needed to change how they presented their results, moving away from sending long emails or extensive spreadsheets. They struggled to start from scratch and create a set of indicators for structured data storytelling with the right graphic styles for each KPI. Despite this challenge, they discovered a tool in the market that could provide the solution they were looking for, thanks to Dr. Aglaupy’s openness to new ideas and better solutions.

Legal One Analytics stands out for its use of templates, which are pre-configured graphic reports that seamlessly connect with legal databases. Imagine applying graphical dashboards to various legal management areas such as “Content Management”, “Contracts”, “Legal Efficiency”, “Financial Management”, “Office Areas and Businesses”, “Audits”, and “Visual Law”. Examples include dashboards like “labor content”, “client A results presentation”, “case records and closures”, “office box flow”, “client B one-page report”, “directory one-page report”, and “contentious audit”.

Imagem: MaxWdhs/KaboomPics

Dashboard displaying different sections of an office.

Automatically integrate your reports with pre-configured dashboards for daily updates, allowing you to share, edit, and customize. You can also create your own indicators and dashboards, while learning legal data science for career advancement. Thomson Reuters offers a content library through the Legal One Analytics system to assist in transforming data into actionable insights.

Join our webinar on June 30 at 10am to learn more about the “Risk Map” used by Corona and Bio Advogados office, presented by Dr. Aglaupy discussing a successful case. Follow Thomson Reuters for more free content and upcoming webinars.

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