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This document outlines the framework and assumptions for managing a portfolio of recurring product liability cases. With an expected inflow of 35-50 new cases annually, the distribution of cases across the country necessitates local legal representation. The structure details critical elements such as fees paid upon resolution, the process of filing complaints, depositions, trials, and discovery phases. Additionally, it provides historical data regarding legal fees and case outcomes, ensuring a well-informed approach to managing legal costs and client expectations effectively.
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Portfolio Pricing Example 1: Assumptions • Group of recurring cases (product liability) • 35-50 new cases per year on this product • Cases spread around the country • Historically have hired lawyers in location of claim
Fees paid When case resolved Complaint Depositions Trial Written Discovery Expert Discovery Data history 1.1 (fees plus outcomes)
Fees paid When case resolved Complaint Depositions Trial Written Discovery Expert Discovery Data history 1.2 (legal fees only)
Fees paid When case resolved Complaint Depositions Trial Written Discovery Expert Discovery Data history 2 (fees only)