Maths for Smart Lawyers - Key Concepts Uncovered

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

This webinar was recorded on 12th August 2021