Never Split the Difference? Is the FBI right in saying it’s a cop out?
Does this FBI advice never to split the difference work for civil disputes?
Risk models are generated for users in the blink of an eye using SettleIndex’ proprietary ‘Casebot’. It is the fastest system in the world for modelling complex (or simple!) litigation risk.
Uniquely SettleIndex calculates your Opponent’s position as well as your own, to counteract bias. it shows the Current range for settlement and in most cases the Model Settlement Value; that is where the Claimant and Defendant risk lines intersect as they spend costs.
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Get immediate support on complex disputes from our litigation risk experts, utilised by some of the world’s leading law firms.
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Does this FBI advice never to split the difference work for civil disputes?
It is a cliche of decision tree analysis (and a true one) that what you have already spent in pursuing or defending a claim is not relevant to evaluating its settlement value. If you must sink costs, be seen to sink them wisely!
How Settleindex could have saved $300,000 and 8 months!
This case study shows how SettleIndex can reduce the cost of resolving disputes.
Knowing your own position is not enough. In this short article we explain how the Settle Chart works and how you can use Opponent Values to identify the shared Settlement Position.
BIICL guidelines for Resolution of Disputes include to carry out an objective assessment of the dispute, narrow the issues and to engage in ADR wherever possible. These recommendations are well served by the use of SettleIndex.
Calculating the value of an uncertain event, such as the Outcome of a Trial, is an established branch of mathematics. Now, with its new Casebot, SettleIndex has for the first time made it easy for any lawyer to use scientific principles for estimating the settlement value of disputes.
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