Ipsum Analytics Information

As anyone who has ever been involved in a lawsuit can tell you, litigation involves uncertainty. Right now, no one is able to reduce that uncertainty very well. Lawyers try to make predictions based on their experience, legal training, the facts of the case, and a certain amount of gut feeling. But they can’t see the full picture. They can’t look at every case ever decided in their jurisdiction, or by their judge, or with facts that look kind of like the ones at issue in their case. As a result, lawyers can’t give their clients the type of advice they really want. Lawyers are stuck saying “we have a good chance of winning this motion” when their client really wants to hear “we have a 63% +/- 2% chance of winning this motion.” Investors try to solve this problem with human analysts. This means their cost per case is fairly high, so it only makes sense for them to analyze very large cases. As a result, they miss out on huge segments of the market. Tort claims alone are $430,000,000,000 every year in the United States . Yet because the individual claims are relatively small, investors are unable to analyze this large aggregate market. Worse, even for those claims that investors can analyze, they too are stuck with imprecise, qualitative predictions. As a result, neither lawyers nor investors are able to accurately predict litigation risk. At Ipsum, we’re changing this picture. Our predictive model reduces uncertainty without high cost. By analyzing millions of past cases, we can give lawyers the insights they need to give their clients the best possible advice. By automating this process, we’re enabling investors to bring entirely new approaches to markets. Headquartered in New York City, Ipsum Analytics is building the tools to reduce uncertainty in litigation. If you’re an investor, we can help you see markets in entirely new ways. If you’re a lawyer, we can help you gain deeper insights into your cases. Get in touch with us to learn more.