SettleIndex launches litigation risk modelling and analytics platform 

Legal tech startup SettleIndex has launched a litigation risk modelling and analytics platform, enabling lawyers to create financial models for disputes, track case progress through key performance indicators, and collect and analyse structured data on litigation. 

Based on the principles of decision analysis, SettleIndex, which was co-founded in 2020 by former RPC senior partner Robert Hogarth, enables lawyers to model potential outcomes, simulate opponent viewpoints, and evaluate settlement strategies. 

The SettleIndex platform also provides a comprehensive solution for monitoring cases and collecting structured data on litigation. The financial modelling creates a range of metrics and performance indicators that law firms and clients can use to see case progress and the ability retrospectively to audit decision-making. Over time, clients can build up proprietary structured data sets to inform future litigation strategy and measure performance. 

“Financial modelling is a crucial part of every financial dispute,” said Hogarth. “To advise a client properly on settlement, you need to know what a case is worth. With SettleIndex, lawyers can communicate the financial risks involved in a dispute and work better with their clients.” He adds: “We want to take financial analysis from a niche activity to something that’s mainstream in litigation by making it simple, intuitive and powerful.” 

Hogarth’s co-founder is former digital product consultant Zac Best, who said: “Law firms are increasingly turning to data to inform litigation strategy, but over 90% of cases are settled privately, and structured data often isn’t collected. SettleIndex empowers clients to build up invaluable comparative data across cases for future decision-making.” 

One of SettleIndex’s founding clients is Morgan Sindall Group plc, the publicly listed construction and regeneration group. General counsel Helen Mason commented: “We utilised SettleIndex on a piece of litigation last year and were very impressed with the ability of the software to evaluate risk in our disputes. As a result, the legal team have decided to roll out the use of the software across the Group.”