In May 1995, the New York State Bar Association Corporate Counsel Section issued a
report on litigation management, more recently published as a comprehensive guidebook for
corporate counsel. See Haig, R.L., Corporate Counsel's Guide published
by the New York State Bar Association (1996).
One recommendation: corporations should use risk-benefit analysis in evaluating
litigation and in considering litigation strategy. According to the report:
"A more sophisticated approach is provided by formal litigation risk-benefit
analysis. Intuition alone can easily result in counsel significantly overvaluing or
undervaluing cases of even moderate complexity. The qualitative terms traditionally used
by lawyers to describe uncertainty ... can ... make proper lawsuit evaluation even more
difficult."
Corporate Counsel's Guide at 29.
Shortly after that endorsement, the American Corporate Counsel Association held a June
1996 "Legal Leadership Summit" in Memphis, Tennessee. Among the conclusions:
"It may be helpful to translate some aspects of litigation into numbers, which is
the world clients live in."
Report on Litigation Management, ACCA Docket 60, 61 (September/October 1996).
More recently discussion of litigation risk and cost-effectiveness assessment surfaced
on TechnoLawyer, an E-mail legal technology list server discussion group. About 1500
lawyers in the country subscribe because it is one place (among many others) where
technologically capable lawyers are exchanging information these days. Particularly
provocative and helpful postings to the list are awarded the "TechnoPost of the Week
Award." On July 31, 1998, New York lawyer Ellis Mirsky received such an award
for describing how he uses technology to analyze and communicate litigation risks.
Neil Squallante, who presides over the TechnoLawyer, wrote in introduction to the award
for the posting that:
"If you represent corporate clients in complex litigation, this TechnoPost will
give you a birds-eye view of litigation management in the next century -- as if you were
looking into a crystal ball at the future."
You can find the posting and introduction at Hocus Pocus: Using
Crystal Ball to Bring Litigation into Focus.
We use software especially created for technologically proficient lawyers who
understand the underlying methodology of decision analysis.
We've used the technique for several years including on litigation involving claims of
hundreds of millions of damages.
We've taught the technique to other lawyers, formally and informally, and written a booklet about how and why it can be a valuable addition
to your collection of litigation management techniques.
Should your organization be interested in implementing a program of litigation risk and
cost-effectiveness assessment on some or all of your litigation portfolio, we've been
through it, and can share and teach lessons learned.
For further information, please contact: LaVern A. Pritchard, 1350 Rand Tower, 527
Marquette Avenue South, Minneapolis, Minnesota 55402, ph. 612-332-0102, fax 612-332-3225,
E-mail: lpritchard@prilaw.com.