26 May 2022
Three Companies Offering Legal Research Tools Named IDC Innovators
NEEDHAM, Mass., May 26, 2022 – International Data Corporation (IDC) today published an IDC Innovators report profiling three companies offering legal research tools that leverage artificial intelligence (AI), proprietary tags, 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 the case lawbooks that fill every law library and are updated with the latest statutes, regulations, and caselaw. Historically, the cost to conveniently access legal research has been exorbitantly expensive. However, several smaller companies are adding advanced search functions, summaries of the law, and other proprietary add-ons, such as AI and analytic capabilities, to create legal research tools that enhance lawyers' ability to analyze and interpret the law.
"Law firms have subsidized their cost to access research by billing their access to their corporate clients with larger pockets. This has put solo practitioners and small firms at a disadvantage. However, smaller players are emerging to democratize and disrupt the cost and way that attorneys 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 manager, Privacy and Legal Technology at IDC.
The report, IDC Innovators: Legal Research Software, 2022 (IDC #US49114621), profiles three companies offering legal research tools that leverage artificial intelligence (AI), proprietary tags, and user-friendly interfaces. The three companies are:
Casetext offers analytics and AI enhanced legal research that enables practitioners to quickly access caselaw summaries, relevant holdings, and the appropriate cites based on their fact patterns.
eDiscovery Assistant uses proprietary issue tags tailored to eDiscovery issues to cut through the noise and bring practitioners the caselaw they need to make informed decisions about their eDiscovery strategies.
Fastcase uses a unique subscription model to offer practitioners an affordable and fully searchable library of over 200 million briefs, pleadings, and motions on top of a library of caselaw, regulations, and statutes.
About IDC Innovators
IDC Innovators reports present a set of vendors – under $100 million in revenue at time of selection – chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. Vendors 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 capital firms may also be included in the report even if the venture capital firm has a financial stake in the vendor's company. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.
For more information about IDC Innovators research, please contact Jen Melker at firstname.lastname@example.org.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory 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 technology, IT benchmarking and sourcing, and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly owned subsidiary of International Data Group (IDG), the world's leading tech media, data, and marketing services company. To learn more about IDC, please visit www.idc.com. Follow IDC on Twitter at @IDC and LinkedIn. Subscribe to the IDC Blog for industry news and insights.
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