Settle Or Go To Trial: What Is The Better Option?
While we live in a fairly litigious society, more often than not, cases end up being settled before going to court and getting a judgment. This is generally a good thing, since litigation can cost anywhere from $43,000 for a simple auto accident case up to as much as $122,000 for a medical malpractice claim.
When a case is settled, both parties are able to resolve the issues outside of court and without a trial. In a settlement, typically the parties make concessions in order to give the other something they have asked for, and to provide a compromise of some sort. Some examples of concessions are money, release of claims, agreements to maintain confidentiality, etc.
A common question in many disputes and legal claims is whether one should settle their case, or see it through to trial. Studies have shown that that most plaintiffs who decided to pass up a settlement offer and went to trial ended up getting less money than if they had taken such offer. Furthermore, it is estimated that plaintiffs make the wrong decision by proceeding to trial in 61 percent of the cases.
Legal Fees and Related Costs
If you are considering hiring an attorney to take your case to trial, you must confirm who will be responsible to pay your attorney’s fees and related litigation costs (such as filing fees and court fees) in the event that you lose. If you win, costs can be deducted from your winnings, so you will not be responsible to pay out of pocket. If you lose, you may be liable for these costs, and you may have to tap into your savings or find other methods to pay such monies.
An Experienced Attorney Can Help You Make the Right Decision
The discussion above demonstrates the significance of hiring a capable and knowledgeable attorney who can guide you through your options of settlement versus going to trial. To ensure you obtain the full compensation to which you are entitled, you should consult with an experienced attorney with adequate trial experience as soon as possible.
Call Us Today!
If you or a loved one has been injured in an accident that was caused by the negligence of another party, you may be entitled to monetary compensation. We can help you determine if a settlement or litigation is in your best interest.
The legal team at the Law Offices of Samer Habbas is dedicated to assisting our clients reach the best monetary settlement they deserve. With years of experience and success, we can certainly help your case too! Call us at 1-800-848-5048 to schedule a free consultation with our legal team today.