Is Settling Your Workers Compensation Case In Your Best Interest?

by admin on May 7, 2012

According to a study published by the New York Times, settling a lawsuit is almost always better than proceeding to a trial. The study highlighted 2,054 cases that went to trial, and concluded that about 61% of plaintiffs who rejected initial settlement offers received less total money at trial than what was previously offered. In these specific cases, the plaintiffs average $43,000 dollars less at trial than was initially offered during the settlement process. In only 15% of the cases studied, the parties were correct in going to trial – essentially meaning that the plaintiff received more than what was initially offered.

The study also found that miscalculations or mistakes were commonly made during the decision of going to trial. Either the a lawyer failed to properly explain the “odds” to the client, or the plaintiff simply did not listen to the advice of their lawyer. The takeaway lesson from the study is basically that plaintiffs should not assume that the defense is short handing them, in many cases the settlement is usually quite reasonable.

If you would like a free consultation with an experienced legal professional in regards to whether or not settling is in the best interest of your workers’ compensation case, please feel free to contact us at 1-877-291-9675 to schedule a time to speak with a workers compensation lawyer.

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