Decision-tree analysis is a powerful and underused tool in litigation. Its greatest benefit to lawyers is as a bridge between legal advice and business strategy. For clients it transforms terms like “good chance” or “reasonably likely” into probabilities and dollar values. Litigators care about legal issues, litigation strategy and winning, while in-house counsel and management care about costs, probability of success, the potential value of the litigation either in terms of potential benefit or potential loss, and whether settlement is feasible. Decision-tree analysis deconstructs a complex lawsuit into discrete steps and possible outcomes that can pave the way for appropriate decision-making. Don’t you need this tool in your repertoire?
Region:
United States
Interest Area:
Litigation and Dispute Resolution,
Litigation and Dispute Resolution