Precedent research: A new category of legal technology- Draftwise
Case law research has always been and will remain a cornerstone of legal practice. Platforms like Thomson Reuters and LexisNexis provide direct access to judicial rulings and industry standards, which help lawyers verify that their work aligns with current court interpretations and established market norms.
However, relying solely on external research leaves a firm’s own wealth of institutional knowledge mostly untapped. This proprietary knowledge, a blueprint for how the firm’s unique expertise is applied in practice, stays limited to the team assigned to a particular case or deal. This makes it difficult for other lawyers to leverage the firm’s prior experience to their collective advantage
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