Oftentimes, it is in a litigant’s best interest to settle a lawsuit, debt collection
or judgment enforcement matter rather than risk the costs of a full-blown fight or full-blown litigation. Of course, another risk of not settling a case for a reasonable amount (if the opportunity presents itself) is the risk of fighting the case and ending up with less than the original settlement offer—or even worse—ending up on the losing end.
Why attempt to negotiate and settle a lawsuit?
Lawsuits can be expensive, especially when costs and attorneys’ fees start to add up if your case is moving toward trial. Lawsuits can take time—months—even years. Litigation usually exposes your entire case (and other aspects of your business and/or personal life) to the public. Most court documents become public record when filed. And anyone can attend court hearings and trials to listen in on what is happening. Most often, once a settlement is negotiated, the circumstances surrounding the settlement—including the amount of settlement—will be confidential.
Our Chicago business litigation lawyers will always advise you of your options and if possible (and of course, with your permission), will attempt to negotiate your legal dispute or debt collection matter and settle your case to your satisfaction.
How do Zeller Law litigation attorneys go about negotiating settlements? We will consider and give advice on several factors in determining whether or not you should attempt to negotiate and/or settle your lawsuit:
Amount at issue in the lawsuit (i.e. the amount of the claimed)
Estimate of legal fees to obtain a resolution (whether by trial or otherwise)
Approximately how long will the case take to be resolved
Chances of winning
Any weakness in your case
How much is the other side willing to pay or accept
Other potential liability of the Client (i.e. counterclaims, loss of business)
Are there any confidentiality or privacy issues or concerns
Our Chicago litigation attorneys will consider the factors above, among others, and will always attempt to negotiate and settle for the highest amount and the best terms for our clients.
If you or your business need advice on whether to negotiate and settle or fight the case and push forward, contact our Chicago litigation attorneys. We are ready and able to assist you. Please feel free to email or call our Chicago law firm to inquire about your litigation, debt collection and/or judgment enforcement matter.