Lex Machina Expands Legal Analytics Platform into District Court Bankruptcy Appeals
Lex Machina Expands Legal Analytics Platform into District Court Bankruptcy Appeals
I’m pleased to announce that Lex Machina’s Legal Analytics® platform now includes District Court Bankruptcy Appeals. Lex Machina, a LexisNexis company, unveiled the latest expansion of its award-winning platform earlier this week. That announcement, and an explanation of the benefits of this expansion, are reproduced below, courtesy of the company.“The new module covers 18,000 bankruptcy appeals, involving both business and individual debtors, filed since 2009. It provides valuable data-driven insights and trends into the unique characteristics that separate bankruptcy appeals from all other federal practices. With this release, Lex Machina has proved that analytic insights can be uncovered for appellate matters and that these insights are enormously valuable for lawyers and their clients.Bankruptcy appeals are much less common than traditional appeals. Whereas bankruptcy judges are highly specialized, most district court judges rarely encounter bankruptcy appeals, making the process more challenging for attorneys and outcomes less predictable.‘Although there are relatively few bankruptcy appeals cases at the district court level compared to commercial or employment litigation cases, the stakes are incredibly high for all those involved, so it is imperative that attorneys know the lay of the land before entering the courtroom,’ said Karl Harris, CTO of Lex Machina. ‘With Lex Machina, attorneys will now be able to get critical insights into the behaviors of district court judges, allowing them to provide the most informed counsel and formulate the best-case strategy.’As part of the product development process, Lex Machina interviewed top bankruptcy appeals lawyers to better understand their needs and incorporated their feedback directly into the new offering. As a result, Lex Machina has added 10 practice-specific tags and 15 unique “dispute appeals” categories, which attorneys can use to find the most relevant information and insights, and gain a distinct competitive advantage throughout the appeals process. Lex Machina’s Legal Analytics is the only platform that incorporates these unique filters:
The new case tags include: Bankruptcy Appeal; Individual Debtor; Business Debtor; Adversary Proceeding; Chapter 7; Chapter 9; Chapter 11; Chapter 12; Chapter 13; and Chapter 15.
The new dispute appeals categories include: Procedure and Jurisdiction; Malfeasance and Remedies; Officers; Administration; Lift of Automatic Stay; Debtor's Rights and Duties; Plan and Disclosure Statements; Objection to Confirmation; Property of the Estate; Dismissal and Conversion; Discharge and Dischargeability; Claims and Liens; Objection to Proof of Claim; Avoidance; and State or Other Federal Law.
Cases, PTAB Trials, and ITC Investigations; graphic courtesy of www.lexmachina.com.
More than 17,000 cases have been pending since 2009.
Nationally, U.S. District Court judges are more likely to affirm the Bankruptcy Court’s decision (30% of cases pending since 2009) than to reverse, remand and/or vacate (7%)
The most common issues in bankruptcy appeals include Administration, Objection to Proof of Claim, and Dismissal and Conversion.
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