People who are seriously injured as a result of another person's negligence often file personal injury claims or lawsuits to seek compensation for medical expenses and other losses. Although some personal injury lawsuits actually make it to trial, the vast majority are settled long before they reach the courtroom.
Why Choose a Settlement?
While resolving a personal injury case in court can sometimes lead to a higher financial award for plaintiffs, it can also be lengthy, costly, stressful, potentially embarrassing, and unpredictable. However, when a fair settlement amount is offered, settling out of court can actually have numerous benefits, including:
- Faster resolution. Settling out of court can help personal injury plaintiffs receive compensation much more quickly than going to trial—it can take months or even years to receive a financial recovery from a trial, especially if a defendant decides to appeal an unfavorable decision. Out-of-court settlements usually take just days or weeks to negotiate.
- Fewer expenses. Litigating a personal injury case can be expensive. Although most personal injury attorneys work on a contingency fee basis and receive a percentage of the pre-trial settlement or court-ordered financial award, attorney fees aren't the only expenses to consider. Plaintiffs will also likely be responsible for court costs, expert witness payments, and more.
- Less stress. Bringing a personal injury lawsuit is stressful enough without being subjected to intrusive questioning and cross-examination. Opting to settle out of court can help plaintiffs avoid emotionally taxing courtroom scenarios.
- Maintain privacy. Trial details are public record, but settling out of court often lets both sides keep personal information private.
- Compensation plaintiffs can count on. Trials can be unpredictable. Even if all of the evidence is admissible and your witnesses are convincing, there's no guarantee that the jury will side with the plaintiff and award the desired amount of compensation.
Consult an Experienced Personal Injury Lawyer
If you were injured due to someone else's negligence, you may be entitled to compensation. Let a knowledgeable personal injury lawyer examine the facts of your case and help you explore your legal options. Contact Rechtman & Spevak today to schedule an appointment for a free initial case consultation.