This week I am reaching out to in-house General Counsel with this simple question – are you spending too much on Legal Settlement costs?
Whether a legal matter goes to trial or settles before trial, the negotiations surrounding the scope of discovery still take place. The Catelas assertion is that the scope of discovery is invariably too broad, because we are not certain about ‘who is involved’ and ‘what actually happened’. So we over-collect. Now, even if the case does not go to trial, the Anticipated Cost of Discovery (ACD) is higher than it should be, creating an artificially high ceiling for a settlement negotiation.
Catelas is holding a webinar series over the next few weeks, starting Tues 8th November at 12pm for 40 minutes to discuss this topic in more detail. Join us by registering here.