Course description
This handy 1-hour webinar aims to provide some key maths concepts which are invaluable to lawyers. It is designed to help you become more comfortable working with numbers and will cover the basics of probability theory, some statistical theory and also percentages.
Join presenter Bruce Greig as he discusses probability and litigation forecasting, expected value, Bayesian reasoning, statistics, and percentages.
Discover what it means for something to be statistically significant, how to manipulate percentages confidently, and learn how to confidently combine different estimates of success at trial into an overall forecast, plus much more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This webinar will provide some key maths concepts which are useful for lawyers.
The webinar is designed to help you become more comfortable working with numbers and will cover the basics of probability theory, some statistical theory and also percentages.
What You Will Learn
This webinar will cover the following:
- Probability and litigation forecasting - how to confidently combine different estimates of success at trial into an overall forecast
- Expected value - the concept of expectation in probability theory and how you should use this in litigation forecasting
- Bayesian reasoning - taking probability a little further, looking at maths which underlies the ‘prosecutor’s fallacy’ and how to ensure that you don’t fall into this common probabilistic trap
- Statistics - what it means for something to be statistically significant, why this is important and what pitfalls to be aware of
- Percentages - manipulating percentages confidently including looking at interest rates, compound annual growth rate and discount/hurdle rates
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...