Like a growing number of firms, Schiff Hardin is looking to enhance their lawyers’ educated guesses about clients risks with artificial intelligence (AI). Today, the firm publicly launched Magnitude, a program that simulates outcomes for a client’s claim before the matter is settled or taken to trial.

The AI-backed software provides estimates on a claim’s average exposure, average verdict and other outcomes Schiff Hardin attorneys or clients want to know before making a decision regarding the claim. The tool was developed in-house by Schiff Hardin and was built via Monte Carlo simulation, a math technique that creates random variables for modeling risk or uncertainty of a specific system.