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Tom Lodewyke
Gilbert + Tobin has commenced a project with prescriptive analytics software provider Veriluma, with an aim to “improve client outcomes and mitigate potential for risk across a range of legal applications”.
Gilbert + Tobin has commenced a project with prescriptive analytics software provider Veriluma, with an aim to “improve client outcomes and mitigate potential for risk across a range of legal applications”.
ASX-listed software company Veriluma announced this week that it has begun working with Gilbert + Tobin to trial the application of its prescriptive analytics software in the legal profession.
Petra Stirling, head of legal capability and transformation at Gilbert + Tobin, said the trial is part of the firm’s commitment to exploring risk prediction and staying at the cutting edge of legal technology.
“This data will enhance our approach to managing large quantities of data and capturing insights to help clients gain a better understanding of what is driving outcomes and advice,” Ms Stirling said.
Veriluma’s CEO, Elizabeth Whitelock, added, “Legal action often deals in areas of delicacy and changing information. Law firms looking to gain an edge in efficiency and success will increasingly look to how prescriptive analytics can merge qualitative and quantitative data to provide better client outcomes.
“Veriluma’s prescriptive analytic capability is particularly powerful in the legal services industry as it allows facts and opinions to come together to provide firms, like Gilbert + Tobin, the ability to access the risks of cases ahead of time, as well as the likely judgments and settlements that can be expected.”
The software trial is set to commence in the first quarter of 2017.
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