Data Demystifying analytics to power the future of your business

David Holme, CEO, Exigent Group Ltd., USA

Big Data has been around since the 1990s, and in that time many industries, such as healthcare, have used these datasets to enable enhanced decision making and optimize processes. However, big data and data mining are also key to the legal sector. In-house counsels generate and store an enormous amount of data. Most, if not all, of that data, has been digitised. Through big data and data mining, in-house counsels can utilize sophisticated technologies to mine this collected data to review contracts for risk mitigation, track revenue recognition and legal spend, and identify business opportunities. Data mining is a relatively new practice in the legal space, and the data profiles of in-house counsels are highly variable from one organization to another. Identifying the right tools and prioritizing initiatives can be challenging. If an organization is just starting its big data initiatives, they should know the best data analytics programs involve three things: 1.) compiling and structuring data points from across the firm, 2.) supplying adequate data and 3.) gathering appropriate data analytics talent. In this paper, Exigent will address how legal organizations can meet these prerequisites, start viewing their internal data as a true asset and apply data insights to impact business growth.

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USA IT IT July 2020 Vol.13, No. 52, Summer 2020

David Holme

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Driven by an urge to reshape the legal industry, Exigent’s CEO and co-founder David Holme has been injecting innovative thinking into the way legal services are provided for the last 15 years. Holme founded Exigent in 2003, moving the needle of alternative service providers from the low-cost camp to smart, data-enabled business partners. Holme founded Exigent in 2003, focusing on workflow efficiencies first and then continuing to move the needle of alternative service providers from the low-cost camp to smart, data-enabled business partners. With data the cornerstone of his business vision, Holme advocates for an Augmented Intelligence approach that combines the best of tech with the smartest legal and financial brains for a true revolution in the legal industry. Holme’s background as a KPMG qualified Chartered Accountant and his experience in private equity means he masters the numbers side and always looks at commercial benefit in a no-nonsense way. Even when dealing with the intricate complexity (and sometimes resistance) of the legal business. As a CEO & founder, Holme provides the strategic direction and plays a key role in developing partnerships globally for Exigent, an inherently cross-cultural, progressive and borderless business.

Exigent Group Limited

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Exigent is a technology provider and consulting organization that is breaking industry boundaries and raising the bar for data-driven decision-making. Through a powerful combination of technology, analytical thinking, and financial acumen, Exigent's multidisciplinary team develops SaaS solutions to drive change in business and beyond. With a track record of shaking up the legal sector through the use of contract data and process optimization, Exigent provides businesses with the questions and answers they need to make the most of the digital disruption. For information about Exigent, visit www.exigent-group.com.

USA IT IT July 2020 Vol.13, No. 52, Summer 2020
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