The Securities Litigation Expert Blog

Accelerant Arbitration Market Indicator Flashes Highest Sell Signal Since 2000

Posted by Jack Duval

Nov 13, 2013 8:38:39 AM

The Accelerant Arbitration Market Indicator printed at 1.42, the highest since 2000.  

Two quick take-aways:


  1. For securities litigators: the lull in filings is probably in the ninth inning;

  2. For investors:  Caveat emptor.


You can also link to the visualization (which also has a comparison of the FINRA arbitration filings and the S&P 500) here.

 

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Topics: FINRA, Statistics, Data Analysis, litigation, investments, analytics, Accelerant Arbitration Market Indicator, FINRA Arbitration, Law Firm Analytics, Predictive Analytics

Arbitrator Analyzer™ Product Simplifies FINRA Rank and Strike List Review

Posted by Jack Duval

Jun 17, 2013 9:32:35 AM

Accelerant has just released it's newest product, the Arbitration Analyzer.


The Arbitrator Analyzer™ is a tool that enables attorneys to quickly and efficiently review, analyze, evaluate, and drill down on FINRA arbitrators and their publicly available awards.

Benefits:


 


    • Elegant and simple visual display of arbitrator data;

    • Dynamic, real time filtering by various factors, including: age, number of publicly available awards, and total amount of awards;

    • “At-a-glance” understanding of Rank and Strike list composition;

    • Instant drill down into individual awards;

    • Fast turn around times.




Arbitrator Analyzer from Accelerant LLC on Vimeo.

Cost:


 

$700 for basic workup.


Custom analyses available.


 
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Topics: FINRA, securities, Data Analysis, Rank and Strike List, data analytics, litigation, arbitration, analytics, SEC, Accelerant Products, Law Firm Analytics, Arbitrator Analyzer, product;, Predictive Analytics

How Big Data is Changing the Legal Services Landscape

Posted by Jack Duval

May 13, 2013 4:07:41 AM

Big law firms and their corporate clients are engaging in a kind of data warfare, where each is analyzing massive databases of legal billing data and using them in negotiations.  (ABA)  Some highlights include:

Lexis Advance MedMal Navigator:  This product allows you... to determine in 20 minutes - versus 20 days - if a case is worth taking on... and it gives them analysis on available expert witnesses, including insight into the kinds of cases those witnesses have participated in and the type of testimony they offered.

TyMetrix LegalView:  The service aggregates the invoices of tens of billions of dollars of legal spending on an ongoing basis ... Many have used our LegalView data warehouse to compare their rates and understand the best way to position themselves with clients - low-cost provider or high-end value player.

Sky Analytics:  (advises) users on whether to approve, reject or reduce increases in hourly rates requested by outside law firms.  The primary variables the tool analyzes are an attorney's years of experience, his or her position in the firm, the law firm size and the cost of living where the attorney is based.


In five years, I think the entire legal services ecosystem will look different than it does today.  Those law firms that can run themselves like a business will succeed and those that hold on to the billable hour will suffer.
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Topics: big data, Statistics, Data Analysis, litigation, legal services, analytics, Law Firm Analytics

Tableau Files for IPO

Posted by Jack Duval

Apr 10, 2013 5:38:14 AM

VentureBeat has coverage of the Tableau IPO filing.  (VB)  The S-1 can be found on EDGAR here.  Goldman Sachs will be the lead underwriter.

Revenues have ramped 10X in the past five years.  The company is only marginally profitable, but that is often true of young companies focused on growing revenue and market share.

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Topics: Statistics, analytics, Goldman Sachs, IPO, Tableau, Complexity, Predictive Analytics, Analytic Talent

SEC Using Algos to Detect Fraud

Posted by Jack Duval

Feb 19, 2013 2:51:31 AM

The SEC is using algorithmic methods to analyze financial statements from public companies to detect fraud.  (WaPo)

 (the) software package... will stream real-time trade data from the exchanges into the agency’s headquarters. Rather than build the technology from scratch at great expense, the agency purchased it from a New Jersey firm called Tradeworx. The project, called Market Information Data Analytics, or MIDAS, is in the final testing phases.

The SEC has used similar programs to analyze hedge fund returns.  See our previous coverage of SEC uses of big data techniques here.
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Topics: big data, Statistics, Data Analysis, fraud, litigation, analytics, SEC, Compliance, regulation., Predictive Analytics, Analytic Talent

Law Firms Using Big Data to cut Legal Costs

Posted by Jack Duval

Aug 22, 2012 2:45:53 AM

InsideCounsel has a nice piece on how law firms are using analytics to cut costs here.  Here's the money quote:

The electronic invoice format leaves mass amounts of data to capture and store. With analysis, this data can provide insights into legal spend management and legal performance management. The resulting information leaves corporate law departments in a better position to evaluate cost and make improved decisions on resource allocation through:

  1. Cost-effectiveness: Data analysis allows you to create benchmarks from which to negotiate rates with law firms and predict costs for future matters

  2. Efficiency: Data insights also help identify for which matters to outsource or create alternative fee arrangements

  3. Engagement: Performance management insights allow an organization to identify the best people or location of a law firm to assign to a matter



There is no doubt that the trend away from the hourly rate will be aided by analysis.
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Topics: Data Analysis, hourly rate, law firms, InsideCounsel, analytics, Law Firm Analytics, Predictive Analytics

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