Data Science | Innovation | Clifford Chance

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<div class="div_colconverter_textcontainer div_colconverter_left "> <div class="parsyscol1 parsys"> <div class="wysiwygbox"><article class="article_wysiwyg"> <h3>Working with our clients and lawyers, our data science teams use data to diagnose issues and predict outcomes. We will recommend what to do today and tomorrow, exploring and finding new ways to bring actionable insights to our clients.</h3> <p>Using data to diagnose issues and predict outcomes, our data science team finds new ways to bring actionable insights and solutions to our clients.</p> <p>How to use data to improve service delivery is a big opportunity for the legal profession. As we gain a better understanding of the value of the data we can generate, we are able to use it in new and ever-more innovative ways. Data science helps us surface the insights and predictions available through data to deliver better outcomes for our clients. </p> </article></div> </div> <aside class="aside_2col_container" style="padding-top:0px"> <div class="parsyscol2 parsys"> <div class="expertssimple"> <section class="section_aside_contacts_container" data-morebutton="View more people with expertise in this area"> <section class="section_aside_contacts_hcarrier" data-thisiteration="0"> <article class="article_aside_contact"> <div class="div_profile_image_container"> <img src="/content/dam/cliffordchance/profiles/200000/282049-half.png/_jcr_content/renditions/original" width="200" height="166" alt="Anthony Vigneron"/> </div> <section class="section_aside_contact section_class"> <h3>Anthony Vigneron</h3> <h4>Director, Legal Technology Solutions</h4> <h5> <a class="icon_chair" href="/people_and_places/people/offices/london.html" title="Clifford Chance, London">London</a> </h5> <p class="icon_phone" onClick="ga('send', 'event', { eventCategory: 'Tel Num Clicks', eventAction: 'click'});"> +442070061453</p> <p> <a class="icon_email" href="mailto:anthony.vigneron@cliffordchance.com" onclick="ga('send', 'event', { eventCategory: 'People & Partner Contact Form Submissions', eventAction: 'click'});linkClick('Data Science|expertssimple|\/content\/cliffordchance\/innovation\u002Dhub\/innovation\/capabilities\/data\u002Dscience|Email|Email|Email Clicked');"> Email Anthony </a> </p> <p class="p_contact_link"><a href="/people_and_places/people/directors/anthony-vigneron.html" class="icon_profile" id="icon_profile_id">See my full profile</a></p> </section> </article> </section> </section> </div> </div> </aside> <div class="parsysfullwidth parsys"> <div class="keypoints"> <section class="section_article_accordion"> <article> <h5>What is Data Science?</h5> <section> <p>Data science is an interdisciplinary field bringing together mathematics, statistics and computer science. It is focused on extracting knowledge from data sets, which are typically large, and applying the knowledge and actionable insights from data to solve problems in a wide range of application domains. </p> </section> </article> <article> <h5>How does it work?</h5> <section> <p><b>Data science in a legal context</b></p> <p>Ultimately, for the legal profession, data science augments the deep expertise and experience of our lawyers, drawing on mathematics and stats-based techniques to solve problems that our clients and lawyers face, or may face, in the future. These techniques enable us to develop tech solutions that will add real and lasting value to our profession. </p> </section> </article> <article> <h5>Key benefits</h5> <section> <p>The application of data science techniques to the delivery of legal services represents a significant opportunity for the legal profession; it can help by:</p> <p><b>Bringing better operational insights</b></p> <p style="margin-left: 40.0px;">Verifying the content of our invoices in line with client billing guidelines</p> <p style="margin-left: 40.0px;">Getting improved understanding of the risks within large scale document reviews to enable our lawyers prepare better informed legal strategies</p> <p><b>Using applied AI</b></p> <p style="margin-left: 40.0px;">Creating custom solutions in our legal service delivery such as a machine translation capability that facilitates near-instant translation between many languages</p> <p style="margin-left: 40.0px;">Providing a natural language interface to ask questions and receive actionable responses on specified legal topics</p> <p style="margin-left: 40.0px;">Enabling much more rapid large scale document reviews with the enhancement of scanned images by removing noise and improving text resolution</p> <p><b>Applying predictive analytics</b></p> <p style="margin-left: 40.0px;">Using previous matter data to better forecast fee estimates</p> </section> </article> <article> <h5>Data Science in action</h5> <section> <p><b>Text analytics</b></p> <p>Building advanced machine learning models can help us to enhance labour-intensive processes such as large scale document classification and reviews and extractions of key insights.</p> <p><b>Enhanced performance</b></p> <p>Data science supplements the expertise of our lawyers: whether reviewing more documents than previously possible to assess risks better or helping us to maintain client confidentiality and reduce human errors.</p> <p><b>eDiscovery</b></p> <p>An automated discovery system takes less time to review big datasets – finding information faster, with zero loss of quality in that work.</p> <p><b>Legal research</b></p> <p>Drawing on existing case law data and past experiences, we can better inform our clients on potential risks and issues, and better predict outcomes.</p> <p><b>Legal expertise</b></p> <p>We can complete deals faster based on our legal expertise and draft better legal documents faster based on precedents.</p> <p><b>Legal strategy</b></p> <p>Embracing data science for law firms is an opportunity to bring large-scale data into strategic planning. It can help better understand context and issues, pre-empt counter-arguments, and more.</p> </section> </article> <article> <h5>Taking the next step</h5> <section> <p style="text-align: left;">Are you interested in supporting our vision of data science for the legal profession? Do you have a fresh idea about how we can make the most of the data that exists in our sector? Or have you got a specific challenge that data science could help solve? Get in touch with <b><a href="/people_and_places/people/directors/anthony-vigneron.html">Anthony Vigneron</a></b>.</p> </section> </article> </section> </div> </div> </div> </article> </div> <div class="colconverter3 aem-GridColumn aem-GridColumn--default--12"><article class="article_3colconverter article_noborders article_equalisewidths"> <figure class="figure_colconverter_imagecontainer"> <div class="div_noimage"> </div> </figure> <div class="div_colconverter_textcontainer"> <div class="parsyscol1 parsys"> <div class="wysiwygbox"><article class="article_wysiwyg"> <h4>Data Science at a glance</h4> <ul> <li>A team of <b>eight data science professionals</b>, using data for action-driven change.</li> <li>We supported our client during their <b>Interbank Offered Rates (IBORs) transition</b> process by using <b>existing data</b>, supplemented by <b>specialist sampling of representative documentation</b>. </li> </ul> </article></div> </div> <div class="parsyscol2 parsys"> <div 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