Studying Early Settlements: The Pros and Cons
At Total Injury, we try to present you with both sides of the story so you can weigh the pros and cons of your options. In a recent article on early settlements, we detailed why early settlements make sense from a business owner's view. We explained that through settlements, companies can avoid the costs of expensive medical bills.
In that article, we touched on the fact that sometimes a settlement can make sense for businesses but not personal injury victims. Last week, we published an article that provides an alternative perspective on how early settlements may benefit injury victims. A recent study in the Journal of Empirical Legal Studies has shown that plaintiffs who turn down settlements may end up spending even more money on the trial.
You can read about both perspectives at Study Proposes Early Settlements to Lower Business Costs - at the Expense of Injury Victims and Personal Injury Settlements Can Be a Good Decision: An Alternative Viewpoint.