According to the press release:
Picture It Settled software is a highly intelligent predictive analytics tool that guides inside and outside counsel 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. This full launch follows the success of Picture It Settled Lite, the popular mobile app released in 2011.
Using neural networks, probability theory and behavioral patterns, Picture It Settled can predict what an opponent will do, ultimately saving parties’ time and money by streamlining negotiations. The software’s unique Settlement Prophet application estimates when parties are likely to settle and for what amount with high accuracy. Picture It Settled® doesn’t replace honed intuition or legal expertise. Instead it guides decision-makers by quickly modeling anticipated reactions.
Users benefit from three key features: (1) scenario planning, (2) negotiation move planning, and (3) offer projections. Case results entered into the Picture It Settled dataset range from fender benders to intellectual property disputes in various jurisdictions, with settlements from $250 into the hundreds of millions of dollars. Built with security features, Picture It Settled is layered with Gazzang for security levels equal to those used to protect health and financial records.