This post is written from the perspective of a developer on the Juris Economics product team. Over the past four years, we have worked in stealth mode, collaborating closely with a diverse group of economists, lawyers, and industry experts to build a groundbreaking system that streamlines the process of generating life care plans and economic valuations. Our goal was to create a powerful, efficient tool capable of producing accurate, comprehensive reports in record time.

Groundbreaking law software to save you money on economic valuation costs

Developing software to assess a human lifespan is undeniably a complex and sensitive endeavor. It requires navigating a landscape where there are no universally accepted standards for valuing life itself. Every individual’s life is unique, and any attempt to quantify it must account for a vast range of variables, such as health, family dynamics, education, and more. This is where Juris Economics comes in: we aim to standardize and simplify the way experts, lawyers, and clients exchange data, ensuring that these important valuations are as accurate, consistent, and accessible as possible.

In the context of an economic valuation, the system gathers data across several critical categories:

• Demographics: Information about age, gender, geographic location, and other personal factors.
• Family: Insights into family structure, dependents, and caregiving needs.
• Education: Academic background, professional qualifications, and career trajectory.
• Income: Past, present, and potential future earning capabilities, including any special circumstances.

For life care plan valuations, which are closely related, a similar but distinct set of data is collected:

• Demographics: As in the economic valuation, age, health, and personal circumstances play a pivotal role.
• Life Care Plan: This category encompasses long-term care needs, including medical expenses, rehabilitation, daily living support, and other critical considerations that may arise throughout an individual’s life.

TL; DR Conclusion

In both cases, our platform consolidates complex data from multiple sources and distills it into a concise, standardized report, empowering experts and lawyers to make well-informed decisions quickly and with confidence. By bringing transparency and consistency to this often subjective and intricate process, Juris Economics is setting a new benchmark for how these vital evaluations are conducted.

If you need assistance with calculating a report or have any questions about future value in economic valuations, please don’t hesitate to contact us:

Juris Economics Phone: (858) 477-9537 Email: customerservice@juriseconomics.com