Could Artificial Intelligence Help Settle Cases?

At ROSS, we're always talking to lawyers about how artificial intelligence is changing their practice. Our discussions are usually focused on AI and legal research. But sometimes the conversation turns to applications that might have seemed far-fetched a couple of years ago but now don't seem quite so crazy. A recent conversation with plaintiff's personal injury lawyers turned toward the application of prediction markets to settlement negotiations. The gist of the idea was that crowd-sourced predictions on settlement amounts could move unreasonable parties into reasonable settlement range. Although the theory that prediction markets could assist in litigation settlement has been around for awhile, it hasn't gained much practical traction.