Competitive Intelligence of Law Firms & Lawyers From Big Data

Helping Lawyers Think Like Businessmen

Competitive Intelligence of Law Firms & Lawyers From Big Data

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Executive Summary
The Internet is a treasure trove of information. Yet it is a real challenge to extract credible and usable intelligence from the Internet. In this whitepaper, we will take a look at how quality Internet research on the top 50 LLP firms based in the UK helps law firms in the UK to stay a step ahead in the marketplace. This will prove to be an interesting read for professionals and service providers like legal publishers, law firms, lawyers and law firm managers who are interested in using the power of Competitive & Market Intelligence to gain an edge over their competitors.

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Competitive Intelligence of Law Firms & Lawyers From Big Data

Understanding Big Data

The vast majority of the Internet is not indexed by search engines. This un-indexed portion of the web is termed as Deep Web and is where a huge untapped resource lies. Information present in dynamic web pages, in databases that cannot be indexed or just in one of the pages that are far beyond the remove of crawler bots are all part of the Deep Web. The current magnitude of this information is in the order of 2 zettabytes which is a unit of information that is 540 times larger than a computer file containing every word ever spoken. This massive source of data is termed Big Data.

The volume of data on the Internet exceeds 2.7 zettabytes

Using Big Data

Dashboards that slice and dice the data according to meaningful parameters that help executives in the boardroom see the complete picture

Big Data is extremely useful for picking up trends in the fields of commerce, finance, healthcare and politics. Before Big Data is used, it must be mined from the Deep Web, validated for accuracy and stored in data warehouses with the appropriate classifiers. Once this is done, we can build dashboards that slice and dice the data according to meaningful parameters to help boardroom executives take strategic decisions. The major advantages of using Big Data include Transparency Most of the information accumulated comes from public sources of information that were previously not organized in a meaningful manner Intelligence The ability to view the entire landscape of your profession will help you to stay a step ahead of your competitors Innovation Big Data allows you to innovate by creating new service models to serve your clients once you have spotted patterns that can be exploited

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Competitive Intelligence of Law Firms & Lawyers From Big Data

Data Mining for Competitive Intelligence on Law Firms and Lawyers

Our editors have over vast experience in mining the Internet for business intelligence in the legal domain

We support legal publishers in delivering business intelligence solutions to law firms and lawyers. We mine information from the Internet using advanced data extraction techniques to gain a clear picture of the market position of the top 50 LLP law firms in the UK. We have mined and researched over 300,000 public domain links in the last 4 years to provide intelligence and analysis reports. Our data mining efforts encompass the following activities.
Legal Activities performed by the leading law firms. Role played by the legal firm in major business

events of their clients like mergers, acquisitions, audit and lawsuits.

Analysis

on the Legal Panel reviews and opportunities for the Law firms to find new clients. relevant opportunities for the Law firms.

Practice based business analysis which provides Lateral Partner movement among the Law firms and

internal Partner promotions to understand the scope of the Law firms.

Existing and new offices opened by firms and their

practice specialization.
Size and geographical details of legal offices Mergers and acquisitions among law firms. Profiles of partners of law firms with a particular

focus on area of specializations, growth within the firm, work location and major clients solicited.
Financial performance of the Law firms based on the

Law Firm Annual reports Staff costs and overheads Historical data about changes in margins Debt profile of legal firms Fee income earned by the firm over the years www.pptservices.com
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Competitive Intelligence of Law Firms & Lawyers From Big Data

Business Intelligence for Lawyers

These dashboards help you to visualize market trends The data warehouse that we build is the foundation for the business intelligence dashboards. These business intelligence reports help legal publishers, lawyers and law firm managers. Those who are involved in human resource planning, strategy and business development can master their competitive landscapes and keep a track of competitors activity. This is a small sample of the kind of intelligence that effectively mined data can provide
Sector-wise % of business in practice areas such as

mergers and acquisitions, taxation, etc.

Percentage change in profit per equity partner Percentage lateral joiners by practice area Fee income earned by firms Partners who have made lateral moves over the years Potential locations for growth

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Competitive Intelligence of Law Firms & Lawyers From Big Data

About Us
Point Perfect Transcription Services (India) Pvt. Ltd was founded in 2001. As the name suggests, the first IT enabled service that we provided was transcription. After witnessing over 200% growth in the first two years, we branched out into data mining and data analytics services for legal, financial and pharmaceutical clients. A decade later, PPTS enjoys an envious presence in clinical trials data management, legal intelligence and business transcription. Service Lines
Business Intelligence: We help our clients prosper in a competitive environment by providing customized market intelligence solutions

PPTS is an ISO 9001:2008 certified company. Our motto is Quality & Client Satisfaction over everything else.

Data Mining & Analytics: We mine public domain sources to build customized databases. Dashboards with the appropriate tools allow us to provide up to date analytics. Business & Legal Transcription: We provide these services at competitive rates to clients in Australia, North America and Europe Industry Verticals
Legal Publishing Healthcare Medical Publishers eCommerce Financial Services

Visit our website www.pptservices.com

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Competitive Intelligence of Law Firms & Lawyers From Big Data

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