We are pleased to announce that the Loom Court Analytics platform has now launched a Damage Analytics report. This new report type currently has all damages information from Ontario and Alberta dating back to January 1st, 2018, and we are always working on increasing our data coverage.
What is the Damage Analytics Report?
With the damage analytics report, you can easily look up the average damages awarded in cases that are similar to yours.
Damage awards can be sorted by practice area, then further narrowed down by sub-practice area, heads of loss, and even individual facts of the case. Once you run the report, you will be given a visualisation of the data available, allowing you to tell at a glance what the most common range of compensation is for your specific case type.
Let’s try an example:
The image above shows a damage analytics report for all Motor Vehicle Accident cases heard in the OSCJ after January 1st, 2018. As you can see, though MVA damages have gone up as high as the five million dollar range, the vast majority of decisions put damages below two million dollars, and the vast majority of those are below one million dollars.
By clicking on any bubble in the chart, you can zoom in further to get a further breakdown of the data in that range. For example, if you were to run the MVA report above and then click on the leftmost bubble in the chart, you would see a further breakdown of the distribution of damages in that range (as below).
With the damage analytics report, you can give clients a more accurate representation of the compensation they can expect in their case by narrowing in on similar precedents, make informed decisions when offered a settlement, and even get qualitative data on which facts may be most pertinent to your case.
How Does it Work?
To run the Damage Report, first select it from the front page of the report centre. You will be taken to the page below:
Click on any of the text fields to bring up the report settings. The information that can be defined for the report includes:
- Date range of decisions to include
- Practice area (e.g. corporate law, personal injury law, etc.)
- Sub-practice area (e.g. medical malpractice, motor vehicle accidents, etc.)
- Damage Heads (e.g. punitive damages)
- Case facts (e.g. contract type, age of initiating party, injury location, etc.)
Fill in your desired parameters, then click ‘Select’ and then ‘Run’ to run the report.
In addition to an average damages amount and a visualization of the data available, the report will also supply a list of every decision included in your search, with links to each one for further reading. You will also be given a list of damage heads for your specific practice area, with both an average damages amount and a damages range listed for each one.
You can use the damage analytics report to give your clients a quantitative assessment of their risk exposure or what they might expect to receive in court. Try it today with the Court Analytics App.