A tool designed to assist parties involved in a dispute to model potential outcomes based on various hypothetical scenarios is becoming increasingly common in alternative dispute resolution. By inputting figures related to claimed damages, potential offers, and associated costs, users can gain a clearer picture of the financial implications of different settlement options. For instance, it can help compare the net financial result of accepting a specific offer versus proceeding to trial, factoring in estimated legal fees and other expenses.
Such tools offer valuable support in facilitating more informed decision-making during the often stressful and complex mediation process. This empowerment can lead to more efficient negotiations and potentially higher satisfaction with the final outcome. Historically, evaluating the financial ramifications of settlement options has been a more opaque process, relying heavily on individual estimations and potentially leading to suboptimal choices. The increasing availability of these resources reflects a broader trend toward greater transparency and data-driven approaches within dispute resolution.
