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.
Risk in Rejecting the Offer and Going to Court
Loss or Gain
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.