Dealing with a settlement offer can often be confusing and emotional. Theo is a tool that brings order and reason to the situation. Using a novel technique based on litigation risk analysis Theo provides a risk profile of declining a settlement offer. Specifically, Theo provides the probability of doing better or worse in court and by how much.
Armed with the Risk Report, you can make your decision to accept or reject a settlement offer in line with your risk tolerance.
Use Theo to make smart, timely decisions on accepting or rejecting settlement offers.
|See How it Works - Move the Slider|
|(click and drag the circle at the left of the line)|
|Theo Risk Report||Risk in Rejecting the Offer and Going to Court|
|Loss or Gain||-$204,865||$382,825|
|If you decline the offer, you have a 37% probability of doing worse in court. The expected amount (the weighted average of worse results than the offer) is $25,135. Relative to the offer you have in front of you now, you would go backwards -$204,865 .|
|There is a 63% probability of doing better in court. The expected amount you would obtain is $612,825 On average you would improve your result by $382,825 from the current offer.|
Prepare for settlement talks by noting the key numbers of your case. Theo collects the amounts at stake in the case along with estimates of probabilities of the possible outcomes. Once those numbers are set, Theo is ready to run risk reports on offers to settle the case.
Theo takes your input on a settlement number and produces a risk report. The report shows the likelihood of doing better or worse in court and by how much you would go forward or backward from the settlement offer amount.
Armed with the risk report accept the settlement offer that represents the best outcome in terms of risk and amount. Close the case and move on with confidence that you did your homework on a satisfactory result.
Sign up on the right for free use on five cases.
Contact us at firstname.lastname@example.org to schedule
a demo or for any questions.