Driving towards a settlement with Theo is a three step process. The preparation step captures the key numbers unique to each case. The assessment step uses that data to provide risk reports on the spot as the talks are underway. Finally, the conclusion step provides a record of the process that led to a successful settlement. Note that not all cases are successfully settled. Theo provides the risk information that provides a rational basis for settling or not.
Know the Numbers. Theo uses a few key numbers to produce the risk report. For the first step, you will need to provide amounts and probabilities. These numbers are displayed in the Litigation Outcomes diagram. They are the necessary foundation in order to move to Step 2.
Assess the Offers. Once the Litigation Outcomes numbers are collected, you can then obtain a risk report for a settlement offer. Move the slider on the bar to select the offered amount and Theo immediately produces the risk report for that offer based on the numbers in the Litigation Outcomes diagram.
|Offer||Risk in Rejecting the Offer and Going to Court|
|Loss or Gain||-$284,511||$86,523|
If and When the Offer is Right, Settle and Move On. If and when a settlement is agreed to, the Final Report includes the risk report for the settlement offer amount as well as a table showing the assessed offers in the order they were evaluated.