When it comes to personal injury claims, several different factors determine the outcome of a case. In some situations, taking a case to court is the best option, while in others, settling with attorneys outside the courtroom can be a quicker solution.
Here are five benefits of settling a personal injury claim out of court.
Understanding Out-of-Court Settlements
In a settlement, our attorneys work with the attorney of the opposing party to come together with a resolution. This process includes both parties negotiating to reach an agreement based on the settlement’s value. Both attorneys will work with their clients to ensure that the negotiations and settlement offers are agreeable.
The Advantage of Settling
Many attorneys will try to settle outside of court if they think a case doesn’t need to go to court. To determine if this is the proper step for us to take, we have to look at all of the factors that go into settling outside of the courtroom:
A Settlement is Less Stressful
Making negotiations outside of a courtroom helps to eliminate all of the anxiety involved in a case going to trial. When you go to court, you will have to wait until your case comes up, which takes up a lot of time. You’ll also have to deal with the stressful paperwork and meetings with lawyers for an extended amount of time.
Certainty of Collection
Following a case that has gone to trial, it can be challenging to ensure that the defendant pays the money that they owe. Contrarily, following a settlement, there is a higher level of certainty when concerning the collection of compensation.
Settling is Less Expensive
Settling out-of-court helps to eliminate all of the legal fees involved in taking a case to trial. Court costs and legal fees will be kept at a minimum due to the shorter amount of time it takes to settle out-of-court.
Settlements Lead to Quicker Agreements
As settling outside of court requires less time and money, the proceedings are generally more efficient when it comes to reaching an agreement.
Settlements are Final
In court, a jury or judge can appeal a decision. With settlements, you can conclude your case. This way you’ll know the decision is final, and won’t have legal cases hanging over your head.
When deciding whether or not to settle outside of court, it is essential to consult with a personal injury attorney. Depending on the nature of the case, settling may be the most advantageous option for both parties.
Consider the help of the attorneys with E. Orum Young. We have over 35 years of experience in personal injury law and are eager to help you, too. Our Trial Guarantee ensures that should you want to, we will take your trial to court. Contact us today at (318) 450-6453 for a free case evaluation. We are available to answer your questions 24/7.
