The key to modelling multi-party cases is to recognise that in legal terms, they represent a series of separate cases heard at the same time. The number of cases is (number of defendants *2)-1. For case provisioning typically only I combined model is necessary, but potentially the range of models that might be required or could be made is number of defendants +1.
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.
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