It is time for a NEW way to Price Litigation
What do businesses crave? Certainty and the ability to budget. A lawsuit has a lot of inherent uncertainty built in for the likelihood of any given outcome and the magnitude of an ultimate verdict if the case does not settle. There is no reason that the attorneys’ fees should also be entirely uncertain. No one is in a better position than your lawyers to calculate the likely costs and be able to estimate what they should be. At the end of the day, why should the client bear all of the risk in the lawsuit?
A quick history lesson is worthwhile. For a very long time, all law firms simply bid out a price for a job or case with the client. Giving a clear and upfront price for their services. Then, sometime in the 1950s, a study came out that said lawyers who bill by the hour make more money. Let me repeat that, lawyers changed to bill by the hour because they could make more money. It was not because it was better for clients, or that it better aligned their interests. We finally said, that is enough, and have developed a system to be able to offer a flat fee litigation pricing model through the use of advanced statistical analysis and a machine learning algorithm analyzing past cases to help us bid a price directly for your case, no matter how complex.
We have developed true FLAT FEE pricing
We went back through years and years of data for our cases, breaking them down into data that the computer could consume, listing out key tasks, how far the case went, the amount in controversy etc. We then partnered with a local firm, Neighborhood Analytics, LLC and their data scientist, Joseph Cera, to develop a machine learning algorithm that would allow us to provide customized flat fee quotes for each new case. The more we use it, the more accurate it will get as we can then feed more data back into the program to continue to refine our results and improve our model.