It’s time for some math. Modeling math! No, don’t stop reading! Most law firm pitches are heavy on the lawyers’ records but leave out a crucial part of the litigation: its resolution. This article is about using analytics to pick the right counsel and demonstrate a legal department’s value as a profit-generator, not a cost center. Math is a big part of that.

Every case, plaintiff or defendant, should start with a model that includes expected costs and a target resolution. There is no way to measure success, by which I mean delivering incremental value, if you haven’t defined your expectations. You will also lack the tools needed to decide how much to spend, and when or if to settle.

How Does a Model Help?

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