Lawyers assess their cases with the following steps…
Identify the key legal issues in the case.
Add issues to the model in the order they will be decided in court.
Estimate the probability of each issue being decided in your favor.
Estimate the financial consequences of each legal pathway.
Use built-in analysis tools to calculate the value of the case under uncertain conditions.
Assess the overall consequences and likelihood of good and bad case outcomes to assess risk.
Model Your Case
Create a decision tree to model decisions and uncertainties in your case.
Visually map out key issues as they would be heard in court.
Review the model with clients to help them understand potential outcomes.
Calculate the Expected Value of the case as the weighted average of all case outcomes.
This represents the value of the case, while there remains uncertainty related to how the case will be decided in court.
Calculate the Model
Click a single button to calculate the Expected Value of each strategy.
Expected Value calculations include each case pathway’s value is weighed based on the pathway’s likelihood.
Choose a strategy by comparing the Expected Values of every option.