Many companies that have successfully increased overall efficiency
through downsizing and other cost reductions have, nevertheless, been
frustrated in their attempts to contain the costs of legal services
related to litigation. In response, an increasing number of companies
and their lawyers have turned to TreeAge decision analysis software
to help them make better decisions in litigation management and settlement.
The results are lower transaction costs and better outcomes.
How Legal Decision Makers Use TreeAge
Pro
Litigators first identify the factual and legal uncertainties
in a case - the issues - and then proceed, through fact discovery,
legal research and the use of experts, to cope with these uncertainties.
Driving this costly process is the assumption that it will culminate
in a trial, at which time the legal and factual issues will be resolved
by a judge and jury.
The reality, though, is that more than 90% of all cases end up being
resolved through settlement rather than trial. Moreover, focusing
on trial preparation almost invariably results in postponing meaningful
settlement negotiations until trial is imminent and most of the
transaction costs of litigation have been spent.
TreeAge Pro makes it possible to perform the analyses needed to
maximize opportunities for early settlement and reduced transaction
costs while fully addressing the need to be prepared for trial.
The software can help determine a fair settlement value (based on
an assessment of the value of the right to litigate) as well as
what factual inquiries and legal analyses might productively be
undertaken before settlement. Moreover, the same model created in
TreeAge Pro can be used to decide where to focus discovery and trial
preparation efforts when early settlement is not achieved.
Learn more about
how TreeAge Pro can help your organization evaluate litigation risks.
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