The ideas behind LexPredict were first developed by co-founders Daniel Martin Katz and Michael Bommarito in 2008 at the Center for the Study of Complex Systems at the University of Michigan. One afternoon at Ashley’s while pursuing their Ph.D. degrees, Dan and Mike began researching how to predict events like Supreme Court cases and Congressional bills. This work led to the launch of their Computational Legal Studies blog, which subsequently led to substantial press and commercial interest in their work.
LexPredict was first incorporated in 2013 as Quantitative Legal Solutions, re-branding to LexPredict in 2014. LexPredict began servicing clients in 2013 and started developing its first software and data products in 2014. This path eventually led them to partner with Josh Blackman and FantasySCOTUS, who joined LexPredict in 2014.
By 2017, LexPredict had diversified into products, services, and advisory arms, including four separate product and investment subsidiaries. In November 2018, LexPredict was acquired by law company Elevate. Since then, the company has grown its team and its capabilities, centered around developing the contract analytics and contract management platform, ContraxSuite. Our list of clients continues to grow, and includes a variety of Fortune 500 companies, AM Law 100 law firms, and other legal and financial organizations.