An online tool assists in estimating the financial implications of resolving legal disputes, particularly those involving personal injury, workers’ compensation, or other liability claims. This tool often considers factors such as medical expenses, lost wages, and the degree of fault to generate potential settlement ranges. For instance, such a tool might allow inputting estimated medical costs and lost income, then offer a potential settlement range based on comparable cases.
Such tools offer valuable support in negotiations by providing an objective basis for discussion. They can facilitate efficient resolution of disputes, potentially reducing legal fees and court time. Furthermore, they contribute to transparency by clarifying the various factors contributing to a settlement figure. While historically, such calculations relied on manual assessments and precedents, technological advancements have enabled the development of sophisticated online tools that streamline this process.
