[andrewfong]

If I were interested in litigation funding, I wouldn't evaluate the ability of law firms to litigate but rather the ability of lawyers to accurate predict the outcome of cases (regardless of whether they're actually representing the client) -- e.g. associates at law firms frequently write memos to assess the probability of success before a case makes it way to trial. Seems like there's value in actually correlating memos with actual outcomes.

[rayiner]

The article says they have a machine-learning algorithm that can "calculate the probability of a successful outcome" of a case. Then they calculate firms' ability to improve (or not) that outcome. But if I had such an algorithm I'd just use it directly to decide what cases to fund.

My understanding from talking to litigation funders is that lawyers are terrible at valuing cases. There is money to be made for anyone that can use technology to improve those predictions.