The three ways in SettleIndex for modelling Costs Awards.
‘Auto’ – Value Based, Claimant gets Recoverable Costs minus Discount on Assessment if Claims Award in any Outcome is greater than nil, otherwise Defendant gets Recoverable Costs less Discount.
‘Custom’ used to model a Defendant offer effective to shift cost risk.
‘Issue Based’ to set detailed Cost Awards based on whether Issues are won or lost.
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!
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.
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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