During the second edition of the LegalTech Village, a competition was organized by Wolters Kluwer Legal & Regulatory in France and its partner Predictice, a LegalTech startup, to measure human predictive capabilities compared to that of a predictive justice algorithm.
This contest was held in four rounds, each one dealing with a different legal issue. Each participant, faced with a practical case, had to provide an estimate of the probable outcome of the litigation (chance of success, amount of compensation or evolution of the number of disputes) of a dispute before the French courts. 210 participants took the contest during the two days of the event.
Predictice is a legaltech launched in January 2016 by a team of engineers and lawyers. Nearly two years of R & D were needed to develop the first version of this decision support solution for legal professionals. Wolters Kluwer in France is a leader in serving legal professionals with documentation, software and solutions, serving professionals since 1892. As part of an exclusive alliance to put the best of technology in the hands of legal professionals, the two companies entered into a strong technology and business partnership in the spring of 2017.
“Our two companies are driven by a common obsession: that of the quality of products that we offer to legal professionals,” said Louis Larret-Chahine / Co-founder and Managing Director of Predictice. “The accuracy of the analysis produced on Predictice was made possible by the extraordinary quality of the content (court decisions, dictionary, ontology) provided by Wolters Kluwer. Our ambition today is to make Predictice's technology a useful tool for legal professionals as magnetic resonance imaging (MRI) is for the medical profession.”