Crossword Genius

The way things stand in lawsuits, ignoring the odds (2,2)

Ross

I believe the answer is:

as is

'the way things stand' is the definition.

'lawsuits ignoring the odds' is the wordplay.
'ignoring the odds' indicates alternate letters (letters in odd-numbered positions are removed).
The alternate letters of 'lawsuits' are 'AS IS'.

'in' is the link.

(Other definitions for as is that I've seen before include "In existing state" , "With no changes" , "In the existing circumstances" , "current state" , "In the current circumstances" .)

I've seen this clue in The Guardian.
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