Claimant solicitors including Michael W Halsall, SGI Legal and
Hodge Jones & Allen, have started to use a personal injury
management tool developed by Citadel Law.
The tool, aptly named LQC (Liability, Quantum and Costs)
Analytics, is a risk management and financial forecasting tool. LCQ
Analytics 'sits on top of case management systems' and
provides firms with the categorisation of their caseloads according
to risk, value and costs. Claimant firms will be able to assess
fee-income forecasts and efficiency, as well as the viability of
cases.
While the tool will allow investors to readily ascertain the
value of a firm's book of business, there are also operational
advantages.
One particular feature of the tool is a traffic light system,
whereby green represents those cases where liability has been
admitted, amber demonstrates there is reasonable evidence in
support and red suggests the case is still being investigated.
Firms using LQC Analytics are also able to
