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.
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.
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.
Chris Whitehouse at RPC is one of the most knowledgeable people about litigation risk. In this very interesting series of 4 articles he sets out the fundamentals of calculating litigation risk. In the second article he explains the theory behind our Settle Chart.
SettleIndex has launched Casebot, a new landmark in the journey of bringing science and method into the process of calculating settlement values.
This is an excellent paper (73 pages) by Heather Heavin and Michaela Keet, Professors at the College of Law, University of Saskatchewan. They are leaders in the academic study of litigation risk assessment.
Book a short demo with our team to find out more about SettleIndex and what it can do for your organisation.
Get in touch with us today if you want to learn more about SettleIndex or arrange a meeting.
© SettleIndex Ltd.
