“We're leading the legal industry in law practice efficiency by embracing technologies and processes – artificial intelligence, probabilistic forecasting, lean manufacturing concepts, Agile models, and web-enabled customer experiences.”Īnalysis Supports Decisions Across IndustriesĬheng said the techniques are commonplace in many areas of advanced business. “A lawyer who can provide detailed, comprehensive, and defensible positions is providing value,” Cheng said. With this powerful software, Cheng and his team have been able to give clients sophisticated estimates of case outcomes that other firms don’t provide. With decision trees, negotiations are not just horse trading.” We were able to have a rational conversation. “We literally sent the decision tree to the other side, and they then saw our rationale for our decision. “In one case, we were able to get 80 percent of what the client asked for,” says Cheng. “That’s much more informative than telling them the average amount of money they might win.”Ĭheng and his team also use the analysis when negotiating settlements with the opposing side. “We like to make sure they know that they may have a 10 percent chance of winning a million dollars, but also a 90 percent chance of winning nothing,” says Cheng. The software helps calculate estimates to clients regarding the risks and rewards of a case, forecast case budgets, understand investigation areas, and focus settlement negotiations.Ĭheng and his team literally give their clients the full picture, showing them the full range of percentages of certain amounts a case could win. The team creates detailed decision trees to map out the numerous probabilities. For example, decisions that judges use to determine outcomes in contract cases include proof of an offer and acceptance, worth of a contract and proof that something of value was transferred between two parties. “We analyze each situation, assess probabilities, and determine the best track to the desired outcome, reducing liability, exposure and financial risk,” said Ascendion Law Managing Partner Chilwin Cheng.Ĭommercial litigation examples include breach of contract, partnership disputes, class actions, and shareholder issues. 6, 2021) – Decision tree software can help discern a logical strategy and progression to achieve goals, creating a visual map and path to success.Īscendion Law, a commercial litigation based in Vancouver, uses Palisade’s PrecisionTree software for decision trees and predictive analytics to provide a targeted approach for clients. Decision Tree Software Helps Businesses Discern and Navigate Steps to Achieve Goals Commercial Litigators Use Qualitative Analysis, Probabilistic Simulations to Map Strategy, Drive Negotiations

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