Ever asked a solicitor what were the prospects of success of your claim before the High Court? Invariably you get a bland 50:50 'sit on the fence' response. Now imagine asking that question where the solicitor has Artificial Intelligence software such as IBM's Watson. The solicitor could then input key data specific to your claim into the AI software package and the compare it against historically similar claims in multiple legal jurisdictions. Imagine the answer to be 88.43% prospect of success instead of 50:50. Imagine what that means for crowd funding for litigation. The natural reaction of 88.43% of solicitors will of course be terrification. Not this 11.57% law firm though.
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, and IBM (NYSE: IBM) today announced they have entered into an agreement to enhance customer solutions across Thomson Reuters using Watson. The collaboration underscores the ongoing commitment by Thomson Reuters to deliver innovative technology solutions within specific industry domains to its customers via its in-house technology development, as well as through key strategic collaborations.