As the amount of mass tort litigation increases, companies need the ability to track all case-related data in a single system. The complex claims functionality in Legal eXchange enables clients to track important case-related data from complex matters in one platform, enabling better visibility into costs and exposure, ultimately resulting in better case management decisions.
Because the complex functionality creates relationships between cases and events or products, companies can better understand costs within and across venues, insureds, defendants, products and injured employees. Customers can then answer strategic case questions such as:
- Does the chosen case strategy outweigh the costs?
- Have policy limits have eroded?
- Should the product in question be pulled from the market?
The data collected during the e-billing process provides valuable information that can help identify jurisdictional trends in matter outcomes caused by venue or plaintiff’s counsel. This historical data is useful for deploying the correct strategy for current or future litigation.
Allocating the appropriate costs to the correct policies is easy with the complex functionality in Legal eXchange. Costs can also be shared across sub-matters, a process that when completed manually is laborious and difficult.
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More than 8,500 law firms use Legal eXchange on a daily basis to submit electronic invoices to corporate legal and insurance claims department clients. Request our list of law firm users. |