Litigation risk analysis software

Discover valuable information about judges, courts, attorneys, law firms, and case types. Litigation risk analysis for printer2 patent infringement. 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. Public companies can face significant securities litigation risk over defective algorithms, data errors and software glitches. We have also served as consultants to lawyers in other firms and have used decision tree analysis dta in a variety of litigation. The effectiveness of dispute risk prevention is based on a comprehensive view of all cases, regardless of their nature, procedure, or jurisdiction. For more information about consulting, training, or software, contact. Litigation software and services thomson reuters legal. And that method must work as well early in a dispute as later. When there is a lot at stake in a lawsuit, a complete risk analysis must be done from scratch. Analyzing complex, highexposure cases by performing a full 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. Two ways to analyze risk is quantitative and qualitative. All the details of the risk such as unique id, date on which it was identified, description and so on should be clearly mentioned. Our suite of ip intelligence software takes your patent search and analysis to the next level. 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. If you believe in the value of litigation risk analysis, but find performing one by hand a bit daunting, help has arrived. 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. Treeage pro supports markov models, patientlevel simulation microsimulation models and timetoevent des models using a consistent set of modeling and analysis tools. Marc victor is president of litigation risk analysis.

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. Mitigating securities litigation risk from software. 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. Litigation risk analysis is a subset of decision tree analysis and is the application of decision tree analysis to litigation and lawsuits.

Its like riding a bike except the bike is on fire, youre on fire, everything is on fire, and youre in hell. Litigation risk analysis attorneys around the world use treeage pro business software to guide litigation strategy and make better decisions. The 5 software applications litigators cant live without. This method can reveal the odds of winning a case or financial loss that a litigation. Introduction to risk analysis in litigation dentons. Probabilities in litigation risk management analysis. This paperexamines the relationship between the quality of disclosure in companies 10k filingsand the risk of securities class action litigation. What is software risk and software risk management. With treeage pro, an attorney can analyze a complex case both qualitatively and quantitatively.

Terminology one of the major products of a risk analysis is a decision tree. Pre constructed litigation risk analysis software models. Although not new in the litigation landscape, thoughtful decisiontree analysis is still underutilized as a clientservice tool. Software and alternative dispute resolution in stuart s. 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. It was late in the day, just before impasse, and our. Risk analysis is the process that figures out how likely that a risk will arise in a project. Treeage pro assumes the user understands how to perform a litigation risk analysis. 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. Litigation risk analysis made easy by griffith, cary. Monitor your cases, find the right experts, and draft, organize, and share documents with the thomson reuters suite of litigation. Use of a structured approach for evaluating cases litigation risk assessment is the key to this process.

Disclosure quality and its effect on litigation risk. Another useful tool for the resultsoriented leader is decision tree analysis. Litigation analytics westlaw edge thomson reuters legal. Further information and resources as well as online courses on litigation risk.

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. I cant imagine a transactional attorney finding that meme amusing or even relatable. 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. Decision analysis, sometimes called risk analysis, is a tool many lawyers use intuitively, even though they do not know it by name. Litigation software and services from thomson reuters help you manage the litigation process easily and accurately. This risk analysis also determines the possibility of litigation risk arising for the company from a certain contract or a transaction. Manage litigation risk using decision trees and other powerful risk analysis tools. This fivepart series of articles outlines how decision trees and risk analysis techniques can be applied to a patent litigation.

Treeage proassumes the user understands how to perform a litigation risk analysis. Data, a decision analysis software package available for windows and macintosh. In this phase of risk management you have to define processes that are important for risk identification. 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. Disclosure quality and its effect on litigation risk saumya mohan abstract. A spectrum of tools to support litigation risk assessment. Applying technology to litigation bears witness to the truth of steve jobs notion that computers are a bicycle for our minds, enabling us to reach new heights.

Litigation risk is the possibility that legal action will be taken because of an individuals or corporations actions, inaction, products, services or other events. Alternatively other hard and soft costs can be factored directly into the outcomes with risks assigned. In litigation, good software multiplies our efforts and helps us do better work in less time, with less effort. Treeage decision tree software intro litigation risk. 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. Legal costs incurred, payable to other side, recoverable internal costs actual plus opportunity costs time value of money calculate present value of outcomes after. Methodology and concepts litigation risk management. 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. Risk analysis is a valid, valuable tool for litigators.

Consulting, training and seminars for lawyers and business executives. These teams look for reliable analysis and reporting tools to prevent the most costly risks. Software risk analysisis a very important aspect of risk. Decision analysis, sometimes called risk analysis, is a tool many lawyers use. Attorneys around the world use treeage pro business software to guide litigation strategy and make better decisions. The financial results reflect the litigation management activity and its main indicators. Litigation is fraught with uncertainty, which is a condition or a state inherent in situations offering more than one possible outcome. Use sophisticated modeling techniques for complex decisions. Litigation risk analysis is a subset of decision tree analysis and is the application of decision. By conducting a thorough risk analysis, one can also assess the current health of a business. Risk analysis is a valid, valuable tool for litigators march 3, 2014, 1. Few litigators would be confident on the basis of this simple calculation that settlement is preferable to litigation. Treeage pro decisiontree software from treeage software, inc.