Legal Risk Management 2.0
We're working hard to bring out a new version of our legal risk assessment and case value and risk analysis tools with a target date of July 2018. These tools will use Bayesia's powerful artificial intelligence platform. The BayesiaLab 7 software will enable us to achieve a heretofore impossible degree of accuracy and transparency in predictive analytics using Bayesian Networks.
Check out the resources below for more information on Bayesian Networks.
Check out the resources below for more information on Bayesian Networks.
The Legal Risk Assessment Challenge
"That's a judgment call."
Often, what we mean by that phrase is something like the following:
We can spell out certain aspects of knowledge. For example, we know the rules and we know the evidence. We know the prescribed procedures.
But when it comes to deciding whether to file a motion for summary judgment or take yet another deposition or object to a leading question--well, that's a judgment call.
By that we mean that we are unable to spell out the particular elements of knowledge that compose the judgment. It's as if the professional judgment occurred in an inaccessible black box.
We know from decades of cognitive science that such judgments--even and especially professional judgments--are fraught with distortions that result from a long list of cognitive biases, including anchoring, confirmation, overconfidence, acceptability, ignorance of our ignorance, recency, and more. The "black box" has a double meaning: inaccessible and of dubious reliability.
For years, Win Before Trial has used a series of computational programs that help clients and lawyers analyze the component parts of early case assessment and other case valuation judgments.
Using Bayesian Networks, we will soon offer Win Before Trial clients the benefit of advanced judgment tools and techniques that unveil the black box.
Our existing Case Value & Risk Analyzer tools make case assessment more transparent and easy to communicate.
With Legal Risk Management 2.0, you will be able to produce much more powerful and accurate judgments about case value with even greater clarity and communicability.
Often, what we mean by that phrase is something like the following:
We can spell out certain aspects of knowledge. For example, we know the rules and we know the evidence. We know the prescribed procedures.
But when it comes to deciding whether to file a motion for summary judgment or take yet another deposition or object to a leading question--well, that's a judgment call.
By that we mean that we are unable to spell out the particular elements of knowledge that compose the judgment. It's as if the professional judgment occurred in an inaccessible black box.
We know from decades of cognitive science that such judgments--even and especially professional judgments--are fraught with distortions that result from a long list of cognitive biases, including anchoring, confirmation, overconfidence, acceptability, ignorance of our ignorance, recency, and more. The "black box" has a double meaning: inaccessible and of dubious reliability.
For years, Win Before Trial has used a series of computational programs that help clients and lawyers analyze the component parts of early case assessment and other case valuation judgments.
Using Bayesian Networks, we will soon offer Win Before Trial clients the benefit of advanced judgment tools and techniques that unveil the black box.
Our existing Case Value & Risk Analyzer tools make case assessment more transparent and easy to communicate.
With Legal Risk Management 2.0, you will be able to produce much more powerful and accurate judgments about case value with even greater clarity and communicability.
BayesiaLab 7
BayesiaLab 7 provides a comprehensive environment for machine learning, knowledge modeling, analytics, simulation, and optimization — all based on the Bayesian network paradigm.
BayesiaLab's inference algorithms will allow Win Before Trial to leverage Bayesian network models for complex reasoning under uncertainty. They are ideal for the challenges posed to Legal Risk Management by a lack of data. Unique in its ability to perform both observational and causal inference, Bayesia Lab 6 will help Win Before Trial build more powerful legal risk assessment and case value and risk analysis tools. Complete the contact form below to get receive notice when this completely new version is availalble. |
Benefits of the LRM 2.0
Using the BayesiaLab 7 platform, Win Before Trial's Legal Risk Management System will provide a much more sophisticated analysis than has been possible using decision trees and version 1.0 of our Case Value & Risk Analyzer.
Among the key benefits of this new technology are
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