Use SettleIndex to reduce the cost of casualty claims and improve client service and capital management
SettleIndex harnesses the experience of your panel and feedback from previous claims to improve settlements.
SettleIndex helps you make sure your panel get to the right reserve and settle cases earlier.
SettleIndex can help to improve capital managment by reducing the overall cost of claims settlements.
SettleIndex enables you and your lawyers to create a logical map of the issues in your case and model the financial impact of potential outcomes. Using your lawyer’s judgment of how likely outcomes are to occur, the software then helps you understand the value of the case and where a reasonable reserve may be.
SettleIndex helps align stakeholders around potential value, risks and costs. Once a case is formatted into a financial model it becomes difficult to argue with the output.
SettleIndex enables you to create a clear cost/benefit analysis to help demonstrate whether continued litigation or settlement is most beneficial.
SettleIndex enables you to reflect how your opponent may be viewing the case, which helps identify reasonable settlement ranges between parties.
SettleIndex still depends on the experience and gut feel of your lawyers to work out the value of cases; but in a transparent and auditable structure.
SettleIndex converts legal advice into financial models, providing clients with clear financial reports to make decisions against.
SettleIndex stores structured data on cases, which can be a valuable source of reference for future disputes and creating a range of insights – from how well lawyers are able to forecast settlement values to when is the optimum point to settle a dispute.
Routinely modelling cases in SettleIndex will give you a repeatable experience and a feeling of control. Our Case History feature allows you to quickly identify where cases are diverging from their planned path.
Taking cases to trial is inherently risky and unpredictable, that is why most cases are settled. Lawyers tend to be both over optimistic at the outset of a dispute and also not to account mathematically for the downside risk. SettleIndex counters the trend for step reserving.
SettleIndex takes a holistic approach and tries to find the settlement value that achieves the best balance between paying the claim and paying defence costs.
Take advantage of our highly-secure AWS infrastructure or deploy SettleIndex in your own cloud or data region.
Get immediate support on complex disputes from our litigation risk experts, utilised by some of the world’s leading law firms.
Valid in all legal jurisdictions and can accommodate local legal practice.
Independently audited and compliant with international information security standards.
Get help in real time with live chat support included on all plans.
Corporate in-house lawyers, particularly those working in major public companies, have very different needs from those in private practice, however large their firms might be.
Using SettleIndex balances the ‘partisan bias’ found in adversarial dispute resolution. Both parties get a quicker more economic solution. The critical step in any dispute
Use Shake and SettleIndex together to find the optimum settlement quickly
Come and meet us there. Take our challenge at the SettleIndex stand and win prizes! LegalTechTalk 13-24 June 2024 at Intercontinental O2
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!
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.
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