Moneyball law—using forecasting and statistics to win!
Wednesday, March 4, 2020
12:00 pm – 1:30 pm via webinar
Who should attend: Civil litigators in all sub-specialties
Learning level: Fundamental/Intermediate
Making known the unknown—improving litigation outcome forecasting using decision analysis.
Lawyers frequently suggest they cannot forecast litigation outcomes reliably, blaming uncertainties in the evidence, the challenge of finding facts, or the vagaries of a judge's predisposition. At best, lawyers resort to platitudes such as a client has a "strong" or "weak" case, or worse: "I have a good feeling." To improve their ability to forecast outcomes, make budgets, and focus resources, lawyers with strong quantitative skills are employing, with greater frequency, decision analysis, regression tools, and simulation models to improve the defensibility and rigour of their analysis. These tools enable lawyers to improve the quality of advice they give clients, make better decisions about where to focus a client's resources and refine their arguments.
In exploring these tools, lawyers will gain a greater fundamental understanding of computing approaches to law. Further, lawyers can gain greater confidence in assessing artificial intelligence and predictive tools gaining traction in our profession.
Chilwin Cheng illustrates how he uses descriptive statistics, decision trees, and Monte Carlo simulations to forecast litigation outcomes and budgets and how solicitors can use these techniques to better quantify and describe "real world" consequences of legal failure. In doing so, he illustrates more broadly quantitative approaches to legal practice in a profession that has historically approached problems with qualitative and narrative techniques.
From this course, you will learn how to:
- present legal options to clients using statistical concepts that clients will appreciate and understand
- design decision trees to map out legal strategies and where to best deploy a legal budget
- use evidence-based techniques to set legal budgets
Join us today!
Law Society of BC CPD Hours: 1.5 hour (this course will NOT involve any professional responsibility and ethics, client care and relations, and/or practice management)
Chilwin Cheng — Principal, Ascendion Law, Vancouver
After Feb. 5/20
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Registration includes an electronic copy of the reference materials.
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