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    • Technorati Profile Creative Commons License This blog is licensed under a Creative Commons Attribution 3.0 United States License.

    « In-house lawyers are untrained project managers and process analysts | Main | Further ruminations on value delivered by law firms »

    Online dispute resolution (the double-blind method) and benefits for legal departments

    One of the ten disruptive technologies presented by Richard Susskind at ILTA 2009 was online dispute resolution. He specifically mentioned SquareTrade and CyberSettle.

    In his remarks, Susskind explained the double-blind method where two parties can come to terms without disclosing their ultimate position to the other side. One side submits to the online system the maximum that they would be willing to pay to resolve a claim and the other side submits the minimum they would accept. The system tells them when they are within a predetermined range, so they know they are close to a compromise settlement.

    It makes me wonder whether competitive bids for fixed fees might adopt a similar procedure. A law department could upload the maximum it would pay while the bidding firms upload the minimum they would accept. An online system would find the strike point.

    Posted on October 20, 2009 at 10:20 AM in Technology | Permalink

    Comments

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    Can we be partner. I can provide you offshore services. i want to be the part of your organization and iam ready to serve anywhere in the globe.
    Hussain Bux
    MBA, M.A(English)LL.M
    Advocate High Court

    Posted by: Hussain Bux | Dec 9, 2009 3:22:18 AM

    Contemplating what technology and competition brings in cyberspace in the future, law firms may very well be bidding on their services for insurance defense services. Perhaps we could see a "gain share" for settlement values in specified ranges. The criteria for litigation services up to the dispute resolution date can be rather straight forward.

    Posted by: Frank Steeves | Dec 27, 2009 10:31:50 AM

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