A new survey found 90 percent of in-house counsels found useful computer coding used to sort through legal documents. Of the 24 attorneys surveyed, however, the results were mixed as to how much money using such coding saved their companies.
The predictive coding technology uses specific case searches to find legal documents related to litigation. Many said the coding was helpful in that it sped up the process of reviewing documents and was helpful in big cases when sorting through thousands of documents.
Many general counsels were worried the technology would replace human review and were concerned how the courts viewed using this technology. About 27 percent said they were not sure how much the technology saved the company, but another 27 percent thought it saved more than $500,000. Another 27 percent thought the technology saved between $25,000 and $250,000. About 18 percent thought it saved between $250,000 and $500,000.
So, here’s our question for you:
Do you use predictive coding at your in-house jobs? If so, how much does it save your company?
Leave a comment below or email me.
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