In today’s complex legal landscape, data can be mined for crucial insights to inform litigation strategy and settlement negotiations. Verus’ litigation data analytics services empower law firms to confidently navigate the intricacies of mass tort litigation and optimize settlement outcomes.
Data Driven insights to guide Litigation and Settlement Strategies
with Verus’ Litigation Data Analytics
We leverage data to forecast outcomes and structure fair settlement programs. Our liability forecasting services assist law firms in the following ways:
- Segment claim populations by injury and other parameters to structure defensible claim valuation matrices
- Predict annual claim filings and settlement volumes for recurring losses
- Estimate total liabilities for claim portfolios
Verus’ Forecasting Solutions Offer:
- Customized predictive models to:
- Quantify and geolocate potentially exposed populations
- Estimate total liabilities and administrative costs for claim portfolios
- Dynamic Data Mapping and Visualization
- Adaptive forecasting
- Periodic reporting to compare actual results to forecasts to adapt and improve estimation models.
Contact us to learn more about how our data science team can inform your strategic planning.
Let our insights refine your approach to managing your clients and identifying opportunities.
Our Expertise Includes:
- Enhancing success rates and case profitability for law firms.
- Streamlining loss management within insurance portfolios.
- Optimizing the allocation of partner time and maximizing employee value.
- Efficiently managing work capacity and litigation expenses.
Unlock the power of data-driven decision-making for your practice. Contact Verus about our Legal Operations Analytics services.
We build statistical models tailored to your specific needs, incorporating data and expert insights to provide recommended settlement values for individual cases. Make better settlement decisions with a customized valuation model for your specific area of litigation.
- Custom compensation models to provide recommended settlement values
- Performance analytics to reveal patterns across your entire claim portfolio
- Adaptive models that optimize settlement values as more data becomes available.
- Dynamic data visualization, making complex information easily digestible and actionable.
Maximize Your Firm’s Potential
with Verus’ Litigation Data Analytics Solutions
Unlock Insights
Discover the hidden value of your data to minimize risk and seize opportunities with insights that guide strategic decisions.
Expense Management
Navigate the financial complexities of complex litigation with strategic portfolio reviews, cash flow forecasting, and operational capacity modeling for better results.
Have a question for our Analytics team? Want a demo?