Lawyer Tools: MedMal Reports

Lawyers with medical malpractice cases might want to take a look at the customized MedMal Reports offered by the Cambridge Economics Group. On its website, MedMal Reports are described like this--

Over 10,000 malpractice payments are made in the U.S. every year. By law, every such payment must be recorded in the National Practitioner's Data Bank. CEG's analysis of these data shows that malpractice payments are to a large extent predictable. MedMal Reports are based on this insight.

MedMal Reports rely on methods that were developed by an academic economist with substantial malpractice experience and degrees from Harvard, Oxford, and MIT. A MedMal Report presents expected settlement and judgments, as well as a detailed percentile distribution. All results are clearly presented using charts and plain English.

Sample reports are available on the website. The price is $325, which includes a "custom statistical analysis of your case" and "summary information on all malpractice payments that have been made in cases with the same medical outcome and trial state since 2004."

I haven't tried the service. Anyone who has is welcome to comment.