Module 5
What it pays: awards, settlements, ranges and what a client can actually expect
A claimant asks what the case is worth. A defendant asks what to offer. An insurer asks what to reserve. All of them want a number, and the honest answer is a range. The trouble with money outcomes is that they are not distributed like heights or exam marks. Most awards in a group of similar cases cluster around a moderate figure, and a few are enormous. If you report the average, the enormous ones drag it far above what a typical case receives, and the client who is told ‘the average is 80,000’ may reject a perfectly good offer of 35,000. This module teaches how to build a range from past awards: bringing old figures to today’s money, using the median and the middle half, handling outliers, choosing comparable cases and weighting them by similarity, remembering what is missing from the data and what happens between an award and the money in the claimant’s hand. The Award Range Finder in the labs does the arithmetic on eleven invented awards.
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See what is included in All-Access →General education on analysing litigation data, using invented cases, courts and figures. It is not legal advice and does not predict the result of any real case. Rules on court data, data protection, confidentiality and the analysis of judges differ between countries and change: check the rules that apply to you.
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