Striking the right balance when pricing a bid for new business can be a complicated process. Lex Machina can provide the data-driven insights to help you calculate a price that is both competitive and profitable.
Let’s say you’re putting together a bid for a fixed fee arrangement for a case. Here’s how Lex Machina can help you accurately assess the case so you can offer the best bid by finding the right price that strikes the balance between competitiveness and profitability.
How long is this case likely going to take before your judge or venue?
Timing metrics allow for accurate forecasting based on previous similar cases before the judge or in the venue.
How litigious is the opposing party or counsel?
Case resolutions quickly reveal the settlement rate and litigation track record of an opposing party or counsel.
What damages are at stake?
Quantify damages trends & identify when attorneys’ fees have been awarded in similar cases.
Take a deeper dive into Lex Machina’s analytics through the resources below or contact us for a demo today.
“Using Lex Machina, we have been able to significantly reduce write-offs and improve realization.”
– James Yoon, Senior Partner, WSGR