How to efficiently coordinate the overall process in antitrust damages actions.
In Part I of this article series, we provided an overview of challenges and success building blocks, and in Part II, we outlined the added value of AI building blocks and our IDP platform, respectively. Finally, in this last part, we focus on the coordination of potentially large tasks and collaboration between stakeholders.
Challenges, participants and achievements
Antitrust damages actions are often characterized by a long duration, a large number of participants and a high degree of complexity. Experience has shown that clear interfaces and coordination between the parties involved are critical to success.
Admittedly, their roles in most proceedings are clear-cut at first glance: The lawyers mandated represent one or more injured parties against several cartelists who represent the respective interests. In addition, there are often economic experts for damage modelling as well as accompanying litigation financiers. Service providers who take care of document logistics, scanning, extraction and validation of the data complete this cooperation and the services to be provided on a case-by-case basis.
It becomes challenging or even problematic when the data situation is unclear and project documents are distributed via e-mails. In this case, the high coordination effort is often compounded by deadline pressure and the negative consequences of poor data quality. The actual discussion of the contents of the damage documentation must therefore take place sufficiently early and in depth, otherwise the quality of the statement of the grounds for the claim suffers and opens up starting points for the opposing party to reply and defend itself.
In order to ensure efficient work on all sides and the goal-oriented implementation of the overall project, early and continuous coordination of the necessary work steps is therefore critical to success.
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Building block for success: project management
From numerous procedures already carried out, we know about the importance of the following success factors:
- Structuring of the procedure in a project plan
- Transparent time management based on milestones
- Regular coordination and ongoing progress monitoring
- Reports and reconciliation of progress and results of the different works
The corresponding responsibilities should be clearly assigned from the beginning. The effort for this project coordination requires corresponding capacities for preparing, conducting and following up meetings as well as methods and tools for controlling and tracking tasks.
Modern collaboration tools offer the possibility to make work results available centrally for all participants and to keep them informed about updates (automatically). Functions for comments and versioning avoid circular emails and their manual archiving.
Regular and standardised reporting throughout all phases of the proceedings, including analyses of, for example, the quantities processed and the volumes and amounts of damage determined, offers considerable added value. Lawyers and experts remain up to date with regard to the basis for their work, injured parties and litigation financiers receive up-to-date information on opportunities and risks.
Conclusion: Ensure project control from the outset
Antitrust and other damages actions require the coordination of extensive work and players. With the help of our recipes for success, tools, methods and, of course, our AI-based IDP platform, we are happy to support you in the project-oriented management of your litigation project.
Feel free to contact us in the early stages of a process to illuminate and plan the necessary work steps and set the course for efficient cooperation. This will put you in a position to achieve a solid and efficient level of coordination with all parties involved in the process right from the start.