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Glossary
Litigation Strategy and Case Evaluation
Exposure and Valuation terms within litigation strategy and case evaluation.
litigation-strategy-and-case-evaluation
Adverse development is an increase in a claim's estimated cost above the amount previously reserved.
Case value drivers are the factors most influencing a claim's settlement or verdict value.
Cost of defense analysis projects the expense of litigating a matter through defined stages.
Downside exposure is the plausible worst outcome a claim could produce, distinct from the expected value.
Exposure analysis estimates a defendant's realistic financial risk in a claim, combining liability probability with the range of potential damages.
A nuclear verdict is a jury award, commonly defined as $10 million or more, that substantially exceeds what the case's underlying damages would ordinarily...
Probability-weighted outcome multiplies each possible result by its likelihood to produce an expected value.
Settlement value is the estimated amount at which a case should reasonably resolve, informed by liability, damages, venue, and comparable outcomes.
Severity trend is the rate at which average claim costs increase over time.
Social inflation describes the rise in liability claim costs beyond general economic inflation, attributed to litigation funding, jury attitudes, and...
A thermonuclear verdict is an award of one hundred million dollars or more.
A verdict range projects the span of likely awards if a case is tried to verdict.
Verdict research examines reported outcomes to inform valuation and venue assessment.
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