Legal Analytics Market 2018-2025 | Prominent Key Players (Wolters Kluwer, Thomson Reuters, MindCrest, UnitedLex Corporation, IBM, Wipro
Legal analytics refers to the managing process of extracting knowledge from existing legal data to help in-house legal teams and decision-makers on certain legal matters. This is done by forecasting, legal strategy, comparative legal costs, process development, billing optimization, financial operations and resource management. Legalanalytics involves data mining from data contained in documents related to case and docket entries. This data is then accumulated to provide previously unknown insights into the behavior of the judges, lawyers, organizations such as courts law firm and parties involved. The legal analytics market is expected to grow from US$ 451.1 Million in 2018 to US$ +1,858.9 Million by 2025, at a Compound Annual Growth Rate (CAGR) of +32.7% from 2018 to 2025. Top Key Players: Wolters Kluwer (Netherlands), Thomson Reuters (Canada), MindCrest, Inc. (US), UnitedLex Corporation (US), Argopoint LLC (US), LexisNexis (US), PREMONITION (US), CPA Global (UK),