The plaintiff bar has adopted AI and technology more rapidly than ever anticipated. This, in turn, has attracted the eye of investors, who are pouring vast amounts of money into that industry.

A commonly cited example of this is EvenUp Law, which uses AI technologies to produce (among other things) demand packages. EvenUp raised $220MM in only 18 months and quickly reached unicorn status, with a $1BB valuation.

EvenUp claims thousands of plaintiff firms as clients. It also claims to increase the value of settlements by 30%, and to increase the number of policy limit settlements by 69%. This is a somewhat hidden threat for the defense teams, given that EvenUp branding never appears on the ultimate (and potentially more effective) demand package that the plaintiff attorney submits to the defense attorney or claim organization.

In short, there is an arms race between the plaintiff bar and defense teams, and the weaponry is litigation data – information that informs users about the specific, granular, environment that the litigation is in. Some of us believe that the plaintiff bar is winning this arms race, and the trends in litigation results tend to bear this out.

This specific snapshot was commissioned by SigmaSight, an organization with a mission of leveling the playing field for defense teams when it comes to the use of AI and tech in the litigation environment.

A total of 45 senior executives participated in this survey. Given our selective invitation list, this number exceeded our expectations and suggests a high level of interest in the subject.

The results of this Snapshot can be found here.