New A.I. Tool Predicts Negotiation Outcomes
Launching at LegalTech New York today, Picture It Settled® software is being billed as a highly-intelligent predictive analytics tool that guides inside and outside attorneys through the negotiation process, based on deep data harvested from thousands of cases.
The online-accessible technology was created by a team of attorneys and statisticians led by Don Philbin, a nationally recognized attorney-mediator based in San Antonio.
Using neural networks, probability theory and behavioral patterns, the Picture It Settled® team says their online app is capable of predicting what your opponent will do. The Settlement Prophet™ application is said to estimate when parties are likely to settle and for what amount with a high degree of accuracy.
Picture It Settled® President Don Philbin says his settlement artificial intelligence doesn’t replace honed intuition or legal expertise. Rather, he says, it’s a guide for decision-makers to quickly model anticipated reactions to negotiation proposals.