13 Premonition: Mining Litigation Data for Unfair Advantage, with Toby Unwin
Toby Unwin, co-founder, Chief Innovation Officer and inventor of Premonition, litigation data analytics, mining data, legal proceedings, attorney performance metrics, data scraping technology, leveraging and monetising data.
This podcast is all about litigation data analytics and how mining that data can give a litigant a huge advantage in legal proceedings. Stephen Turner interviews Toby Unwin, the Co-Founder, Chief Innovation Officer and Inventor of Premonition, the World's largest litigation database.
Toby studied International Commercial Law at Kings College London and began his career in recruitment, eventually founding NetSearch, an online headhunting firm that received 4 offers in the first 27 days of business, valuing it at $160M. Toby Unwin was inaugurated as The Republic of Austria’s Honorary Consul in Orlando, becoming Austria’s youngest Consul of all time. He is also a National Rowing Championship Gold Medallist, an accomplished pilot (holding a World airspeed record) and he speaks five languages
Premonition helps people find the right attorney based upon the type of case and the identity of the Judge hearing the case. Premonition is located in Miami, Florida and has received $5 million after two rounds of funding. The Premonition platform gives users information such as:
- the track record of an attorney
- the twenty best attorneys for a case
- analysis of the history of court decisions on types of cases
- which attorney you should appoint to maximise your chances of victory
In this interview, Toby and Stephen discuss:
• How Toby came up with the idea for Premonition?
• How law is a credence good, totally lacking in transparency
• How hiring the lawyer with the best 'reputation' might just be the worst thing you can do
• How performance metrics are transforming the legal market
• The unfair advantage that data gives litigants
• Why getting started in legal tech is not as hard as it looks since law is still not that advanced technologically speaking
• Why when doing something difficult, ignorance can be an advantage
• The importance to any tech start-up of having the right CEO (Premonition's is Guy Kurlandski)
• The difficulties Premonition experienced when trying to acquire court data
• Premonition's data scraping technology and its huge database
• How law firms showed no interest in Premonition but their clients did
• Why Toby's advice to people starting out in legal tech is, 'just say no to law firms'
• Why hourly billing means that most law firms have no interest in tech that makes them more efficient
• How most law firms are only interested in legal tech for window dressing
• Premonition use cases, e.g. property developers looking for distressed debts getting data on repossession cases
• Premonition's heavy users e.g. insurance, general counsel, private equity
• Why are law firms so poor at leveraging and monetising data and what should they be doing with it
• The free referral service, litagas.com
D.Casey Flagherty: Unless you Ask
Toby Unwin - why is legal technology so bad?
Law Secrets Revealed
TO CONNECT WITH TOBY / PREMONITION
TO CONNECT WITH STEPHEN
LAW STUDENTS - BOOST YOUR EXAM SCORE BY 10%
Free exam techniques ebook - download here https://lawyersoftomorrow.com/
If you would like Stephen to interview someone then let him know at: firstname.lastname@example.org