(Los Angeles, CA, April 01, 2016) – Worldwide Business with kathy ireland® announces an exclusive interview with the Executives from Premonition, an innovative company with a unique approach to evaluating attorneys and litigators.
Toby Unwin, Co-Founder and Inventor of Premonition, opens his interview with, “The traditional way individuals and companies select attorneys for litigation is extremely inefficient. Based on advertising or word of mouth, this avoids evaluating the true effectiveness of a lawyer.”
Unwin continues, “It is our massive database and artificial intelligence processing that provides us with the information one needs to select the right litigator.”
Guy Kurlandski, Co-Founder and CEO of Premonition, explains, “Our service is useful for everyone, but we find insurers and larger corporations get the largest return from accessing our information.”
Founded in 2014 and headquartered in Miami, Premonition is an artificial intelligence system that is used to mine the information in “big data” to determine the effectiveness of individual attorneys. The company possesses the largest litigation database in the world, exceeding the size of every major legal database combined. The company recently closed a seed funding round at a valuation of $100 million.
The analysis conducted by Premonition provides information relative to litigators winning percentages before specific judges. This eliminates what is seen as a very unfair advantage in litigation. The process produces better than a 30 percent improvement for companies who choose attorneys based on the analysis.
Unwin concludes by explaining, “Premonition provides an arbitrage between the market perception of a lawyer’s capabilities and success rates and reality. This shows that some lower-cost attorneys are much more effective in certain types of cases than the most expensive large firm partners.”
JL Haber, the Vice President of Programming of Worldwide Business with kathy ireland®, notes, “Our viewers will be intrigued by this innovative approach to selecting legal representation developed by Premonition. We expect many of them will put this service to work in their own companies.”
The full interview can be viewed here.
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