Friday, September 24, 2010

At the end of the day, would you rather have a $1.7 million settlement or a $2 million verdict?

There is always much debate about when to settle, should I negotiate, should I take a verdict? At the end of the day you always want to obtain the best result [$ wise] in the shortest amount of time.
So let's compare. On a settlement of $1.7 million before verdict, you get your money immediately, there are no post-trial motions and no appellate costs or delay. Also, no CPLR Section 50 ramifications.
On a verdict of $2 million you have post-trial motions , an appeal and a long, agonizing wait. Not to mention additional costs. Yes, the client will probably get an additional $175,000 to $200,000 in his/her pocket if you are successful....But is it worth the wait to the client? To your firm?
You be the judge.

No comments:

Post a Comment