METHODS AND SYSTEMS FOR ESTIMATING LEGAL COSTS BASED ON DYNAMIC LEGAL COST ESTIMATION MODELS
In one aspect, a computerized method for providing an estimated legal cost to a client system based on a dynamic legal cost estimation model including the step of generating a dynamic legal cost estimation model. The method includes the step of determining a set of client-determinant factor paramete...
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| creator | GREENZEIGER, MICHAEL FROIMOWITZ TAN, SHEILA KWAN FAN FAYLE, KEVIN RILEY |
| description | In one aspect, a computerized method for providing an estimated legal cost to a client system based on a dynamic legal cost estimation model including the step of generating a dynamic legal cost estimation model. The method includes the step of determining a set of client-determinant factor parameter values. The method includes the step of generating an estimated legal cost by applying the set of client-determinant factor parameter values to the dynamic legal cost estimation model. The method includes the step of providing an estimated legal cost to the client system. The method includes the step of receiving an actual outcome input from the client system. The method includes the step of modifying the dynamic legal cost estimation model based on the actual outcome input. |
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| subjects | CALCULATING COMPUTER SYSTEMS BASED ON SPECIFIC COMPUTATIONAL MODELS COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES HANDLING RECORD CARRIERS PHYSICS PRESENTATION OF DATA RECOGNITION OF DATA RECORD CARRIERS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR |
| title | METHODS AND SYSTEMS FOR ESTIMATING LEGAL COSTS BASED ON DYNAMIC LEGAL COST ESTIMATION MODELS |
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