Set Litigation BudgetMarketing2020-12-17T09:47:27-08:00
Set Litigation Budget
With Lex Machina’s Legal Analytics, companies can use valuable data and analytics to gain visibility on the likely costs associated with a potential litigation. This enables them to make decisions around a litigation budget that is cost-efficient and cost-effective.
Decide whether to handle a matter in-house or hire outside counsel Use the Early Case Assessor to determine whether it would be more cost-effective for upcoming litigation to be handled in-house or outsourced to an external law firm.
Turn to timing analytics to evaluate the likely duration of your case Use the timing analytics of other cases like yours to help evaluate the likely cost of your potential litigation.
Investigate and understand the opposing party Leverage Legal Analytics to assess the opposing party’s litigation track record, and how it might affect your estimated costs.
Investigate and understand the opposing counsel Employ Legal Analytics to assess the opposing counsel’s litigation track record, and how it might affect your estimated costs.
Take a deeper dive into Lex Machina’s analytics through the resources below or contact us for a demo today.
“I cannot see how any outside counsel will be able to compete without Lex Machina.”
– Rich Baer, CLO, Liberty Media