NEEDHAM, Mass., May 26, 2022 – International Data Company (IDC) today released an IDC Innovators report profiling three companies offering legal research tools that leverage artificial intelligence (AI), proprietary markup, and user-friendly interfaces to make legal research more affordable and accessible. The three companies are: Casetext, eDiscovery Assistant and Fastcase.
Legal research tools are digital versions of case reports that populate all law libraries and are updated with the latest laws, regulations and case law. Historically, the cost of easily accessing legal research has been exorbitant. However, several smaller companies are adding advanced search functions, law summaries, and other proprietary add-ons, such as AI and analytics capabilities, to create legal research tools that enhance lawyers’ ability. to analyze and interpret the law.
“Law firms have subsidized their cost of research access by charging their corporate clients with larger pockets for access. This has disadvantaged independent practitioners and smaller firms. However, smaller players are emerging to democratize and disrupt the cost and way lawyers access legal research. These innovators are leveraging technology to make legal research more affordable and accessible for your legal department,” said Ryan O’Leary, Research Director, Privacy and legal technology at IDC.
The report, IDC Innovators: Legal Research Software, 2022 (IDC #US49114621), features three companies offering legal research tools that leverage artificial intelligence (AI), proprietary markup, and user-friendly interfaces. The three companies are:
case text offers AI-enhanced legal analysis and research that enables practitioners to quickly access case summaries, relevant documents, and appropriate citations based on their fact patterns.
eDiscovery Wizard uses proprietary issue tags tailored to eDiscovery issues to reduce noise and provide practitioners with the case law they need to make informed decisions about their eDiscovery strategies.
Fast case uses a unique subscription model to provide practitioners with an affordable, fully searchable library of over 200 million factums, pleadings and motions in addition to a library of case law, regulations and statutes.
About IDC Innovators
IDC Innovators Reports feature a set of vendors – less than $100 million in revenue at time of selection – chosen by an IDC analyst within a specific market that offer an innovative new technology, a breakthrough approach to an existing problem and/or an interesting new model activity. It is not an exhaustive assessment of all companies in a segment or a comparative ranking of companies. Suppliers in the process of being acquired by a larger company may be included in the report provided the acquisition is not finalized at the time of publication of the report. Vendors funded by venture capitalists may also be included in the report even if the venture capitalist has a financial stake in the vendor’s business. IDC INNOVATOR and IDC INNOVATORS are registered trademarks of International Data Group, Inc.
For more information about IDC Innovators research, please contact Jen Melker at [email protected]
International Data Corporation (IDC) is the world’s leading provider of business information, consulting services and events for the information technology, telecommunications and consumer technology markets. With more than 1,200 analysts worldwide, IDC offers global, regional, and local expertise on IT technology, benchmarking, and procurement, as well as industry opportunities and trends in more than 110 countries. IDC’s analysis and insight helps IT professionals, business executives, and the investment community make fact-based technology decisions and achieve their key business goals. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world leader in technology media, data and marketing services. To learn more about IDC, visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC blog for industry news and insights.