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Predicting Class Action Lawsuit Profitability

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VALUE PROPOSITION

  • Increasing profitability and win ratio by generating analytically-supported insights
  • Reducing participation in lengthy and costly lawsuits by improving case acceptance recommendations
  • Decreasing labour-intensive tasks by providing a process-centric, AI-embedded application

Application of predictive modelling to class action lawsuits for a leading advisory firm specialising in litigation finance

 

BACKGROUND

The firm sought an analytically-based approach to class action lawsuit success and profitability forecasting

Legal experts struggled to identify and monitor all available information sources and incorporate all influential factors

Reliance on human judgement resulted in subjective decision-making and sub-optimal effort allocation

TARGETS

  • Build a unified case knowledge base, seamlessly correlating information about the case, the defendants, and similar cases, across internal and external sources
  • Convert masses of data into practical intelligence on the spot by connecting seemingly disparate pieces of data: parties, events, changes to financial reports, etc.
  • Predict case results and financial outcomes based on all available data and past cases, making firm resources more impactful and profitable

ADDRESSING THE NEED

  • Implemented an automatic questionnaire builder to compile all required information regarding a potential case, utilising Natural Language Processing and Entity Resolution (rationalising ambiguous data that correspond to real-world entities)
  • Assembled a Knowledge Graph that captures a rich profile of class action lawsuits, automatically enhanced with information about the involved parties and events of interest from a variety of sources (e.g. market capitalisation of defendants, classes or types of securities involved, etc.)
  • Assigned quantifiable scores and outcome estimates to potential cases using Pattern Matching, comparing Knowledge Graph attributes, relationships and effects to infer the most profitable cases

 

 

 

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About BlackSwan Technologies

BlackSwan Technologies is a SaaS Product company. Its Flagship product ELEMENT is a cognitive operating system that enables rapid development of Enterprise AI-Driven applications. ELEMENT is the foundation that can be used by enterprises across multiple industries to build robust AI applications, tools and workflows. With hundreds of pre-configured data fetchers, analytical functions, models and user interface components, element makes heavy use of knowledge graphs and a range of Machine Learning techniques to help companies improve outcomes and reduce costs.

BlackSwan ELEMENT is trusted by some of the largest, fastest, and most innovative companies in the world.