With continued advances in AI, machine learning and legal analytics anticipated, we can expect that legal information platforms will be supplanted by legal intelligence platforms in the not too distant future. But what would a legal intelligence (or “smart law”) platform look like? Well, I can’t describe a prototypical legal intelligence platform in any technical detail. But it will exist at the point of the agile convergence of expert analysis, text and data-driven features for core legal search for all market segments. I do, however, see what some “smart law” platform elements would be when looking at what Fastcase and Casetext are offering right now.
In my opinion, the best contemporary perspective on what a legal intelligence platform would be is to imagine that Fastcase and Casetext were one company. The imagined vendor would offer in integrated fashion Fastcase and Casetext’s extensive collection of primary and secondary resources including legal news and contemporary analysis from the law blogosphere, Fastcase’s search engine algorithms for keyword searching, Casetext’s CLARA for contextual searching, Casetext’s SmartCite, Fastcase’s Docket Alarm, Fastcase BK, and Fastcase’s install base of some 70-75% of US attorneys, all in the context of the industry’s most transparent pricing model which both Fastcase and Casetext have already adopted.
Obviously, pricing models are not an essential element of a legal intelligence platform. But wouldn’t most potential “smart law” customers prefer transparent pricing? That won’t happen if WEXIS deploys the first legal intelligence platforms. Neither Fastcase nor Casetext (nor Thomson Reuters, LexisNexis, BBNA, or WK) has a ‘smart law” platform right now. Who will be the first? Perhaps one possibility is hiding in plain sight.