Litigation risk analysis software

Analysis group has broad and deep experience assisting in a variety of litigation related to the technology sector, including matters involving both hardware and software companies. Probabilities in litigation risk management analysis. Decision analysis, sometimes called risk analysis, is a tool many lawyers use intuitively, even though they do not know it by name. Its like riding a bike except the bike is on fire, youre on fire, everything is on fire, and youre in hell. Litigation software and services thomson reuters legal. Unlike molieres bourgeois gentleman, however, lawyers can gain more than bragging rights namely, greater ability to represent their clients effectively by better understanding and implementing this technique. I cant imagine a transactional attorney finding that meme amusing or even relatable. Terminology one of the major products of a risk analysis is a decision tree. Discover valuable information about judges, courts, attorneys, law firms, and case types. For more information about consulting, training, or software, contact.

Risk analysis templates can also serve as a guide as to whether or not a business or project is worth any potential investments before work is started. Litigation risk analysis made easy by griffith, cary. The litigation risk analysis provides the assessment to determine whether there is a chance that a legal action will be taken against the company in the future. In brief, a litigation risk assessment is intended to provide management with an early, concise evaluation of the risks and costs associated with a particular piece of litigation. Treeage pro supports markov models, patientlevel simulation microsimulation models and timetoevent des models using a consistent set of modeling and analysis tools. Two ways to analyze risk is quantitative and qualitative. Mitigating securities litigation risk from software.

When there is a lot at stake in a lawsuit, a complete risk analysis must be done from scratch. It was late in the day, just before impasse, and our. Introduction to risk analysis in litigation dentons. Disclosure quality and its effect on litigation risk. These teams look for reliable analysis and reporting tools to prevent the most costly risks. This paperexamines the relationship between the quality of disclosure in companies 10k filingsand the risk of securities class action litigation. It studies uncertainty and how it would impact the project in terms of schedule, quality and costs if in fact it was to show up. Treeage proassumes the user understands how to perform a litigation risk analysis. The software allows you to store each matter as a separate file so that you can easily save your analysis and return to it later. Litigation risk analysis for printer2 patent infringement.

Treeage decision tree software intro litigation risk. This risk analysis also determines the possibility of litigation risk arising for the company from a certain contract or a transaction. The effectiveness of dispute risk prevention is based on a comprehensive view of all cases, regardless of their nature, procedure, or jurisdiction. Our suite of ip intelligence software takes your patent search and analysis to the next level. What is software risk and software risk management. All the details of the risk such as unique id, date on which it was identified, description and so on should be clearly mentioned. But for those who do, it offers the unique combination of easeofuse and extraordinary power that makes it practical to apply decisiontree analysis to virtually any legal problem. Since then, we have introduced these techniques to clients and inhouse counsel. Although litigation risk analysis relies strictly on the professional judgment of attorneys and claims managers, it enhances their intuition, expertise and traditional thought processes, and offers a sound, proven methodology for placing a dollar value on actual and potential legal problems. Litigation risk analysis attorneys around the world use treeage pro business software to guide litigation strategy and make better decisions. Litigation risk analysis is a subset of decision tree analysis and is the application of decision tree analysis to litigation and lawsuits. Consulting, training and seminars for lawyers and business executives. With treeage pro, an attorney can analyze a complex case both qualitatively and quantitatively. Monitor your cases, find the right experts, and draft, organize, and share documents with the thomson reuters suite of litigation.

Decision analysis, sometimes called risk analysis, is a tool many lawyers use. Legal costs incurred, payable to other side, recoverable internal costs actual plus opportunity costs time value of money calculate present value of outcomes after. Disclosure quality and its effect on litigation risk saumya mohan abstract. Litigation risk is the possibility that legal action will be taken because of an individuals or corporations actions, inaction, products, services or other events. Software risk analysisis a very important aspect of risk. Pre constructed litigation risk analysis software models. Analyzing complex, highexposure cases by performing a full litigation risk analysis. And that method must work as well early in a dispute as later. Public companies can face significant securities litigation risk over defective algorithms, data errors and software glitches. The 5 software applications litigators cant live without. Litigation software and services from thomson reuters help you manage the litigation process easily and accurately. It operates based on the idea that prosecutors do not prosecute all cases even if they have merit due to several factors such as economic considerations. If you believe in the value of litigation risk analysis, but find performing one by hand a bit daunting, help has arrived. In this phase of risk management you have to define processes that are important for risk identification.

Attorneys around the world use treeage pro business software to guide litigation strategy and make better decisions. Even companies that follow best practices in software development. A spectrum of tools to support litigation risk assessment. We have also served as consultants to lawyers in other firms and have used decision tree analysis dta in a variety of litigation. Risk analysis is a valid, valuable tool for litigators march 3, 2014, 1. Another useful tool for the resultsoriented leader is decision tree analysis. Litigation analytics westlaw edge thomson reuters legal. This method can reveal the odds of winning a case or financial loss that a litigation. Marc victor is president of litigation risk analysis. Although not new in the litigation landscape, thoughtful decisiontree analysis is still underutilized as a clientservice tool.

By conducting a thorough risk analysis, one can also assess the current health of a business. Litigation is fraught with uncertainty, which is a condition or a state inherent in situations offering more than one possible outcome. Treeage pro decisiontree software from treeage software, inc. In brief, a litigation risk assessment is intended to provide management with an early, concise evaluation of the risks and costs associated with a particular piece of litigation whether a plaintiff case or a defense case. Westlaw edge from thomson reuters offers the most advanced litigation analytics in the industry to give you the best datadriven insights for your case strategy. Attorneys around the world use treeage pro business software to guide litigation strategy and make better decisions with treeage pro, an attorney can analyze a complex. Data, a decision analysis software package available for windows and macintosh. Software and alternative dispute resolution in stuart s. Further information and resources as well as online courses on litigation risk. Alternatively other hard and soft costs can be factored directly into the outcomes with risks assigned. The financial results reflect the litigation management activity and its main indicators. Few litigators would be confident on the basis of this simple calculation that settlement is preferable to litigation.

Use of a structured approach for evaluating cases litigation risk assessment is the key to this process. Manage litigation risk using decision trees and other powerful risk analysis tools. Methodology and concepts litigation risk management. Risk analysis is a valid, valuable tool for litigators. Use sophisticated modeling techniques for complex decisions.