Yes, but that's just the beginning. Faro identifies the appropriate time to settle given the claim valuation, legal fees, expert costs, mediation, variation in exposure, evolving claim facts, and more. As soon as a claim is filed, Faro tells you when to settle, and for how much.
Like any good statistician will tell you, a model is only as useful as the data. Our forecasting techniques leverage industry specific, representative, cross national datasets and pairs them with the client's own litigation performance data. Because our data is the best in the business, our clients have the upmost confidence in their Faro forecast.
We understand that the final settlement value is only part of the equation when it comes to reducing legal spend, which is why we prioritize a comprehensive approach to claim management. With Faro, you never overpay trial lawyers to spend 2 years on a claim to get suboptimal results. You're never left wondering how a deposition that went poorly changes the fiscal value of a claim. Faro makes sure all parties (corporate counsel, claims managers, and trial lawyers) are working toward the same goal: efficient resolution for the best possible price.
Once adopted by a corporate legal team, Faro users can expect to see instant reduction in both settlement figures and associated legal fees. One corporate client saved nearly 50% on comprehensive legal spend in the first year of adoption.
The first step is to request access to the Faro | LA dashboard in the above navigation bar. From there, we will sit down for our kickoff meeting where we go through all the finer points of our approach and what makes Faro so impactful. Within weeks, your Faro | LA platform will be fully integrated and ready to negotiate better outcomes on your behalf.
We are 100% confident our clients will love their Faro application (and the savings!). So, we guarantee our work. That means you can test drive Faro risk-free for the first six months!