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Getting the Most of Out of Your Next Mediation

November 17, 2015 by Brian Schachter 1 Comment

ESS ebook coverWith settlement season now in full swing, this week we are pleased to announce the publication of our new e-book: How to Get the Most out of Mediation. You can click here to download your free copy.

For those of you who are regular readers of our blog, you will find some familiar material here, as we have drawn on a number of articles that first appeared on the blog over the course of this past year. Our goal in putting the e-book together was to distill our experience and insights, gathered over the course of our participation in hundreds of mediations, and to present the material in one convenient place so you would have a practical and handy guide to use as you prepare for your next case settlement.
Key topics covered in the e-book include the following:

• How to identify which cases are ripe for mediation
• How to find the best mediator for your case
• How to make your initial demand
• How to develop a negotiation strategy
• How to maximize settlement value for you and your client

We hope you find the e-book a useful tool in your practice. And if you have a moment, please send us an email and let us know what you think. Feel free to let us know if you have any questions or pointers of your own you’d like to share with our readers, to help make this settlement season more productive for all of us.

 

Filed Under: Mediations Tagged With: guide to mediation, mediation, settlements

The Importance of Being Well Prepared for Settlement Negotiations

October 20, 2015 by Randy Levine 1 Comment

medicare lienWe are now a few weeks into Settlement Season and the pace of our consulting business has noticeably quickened. But there is one point we want to make about why it is important not to wait until the last minute to give us a call. In fact, it is far better to reach out to us at an earlier stage, well in advance of conducting a first mediation session or the formal commencement of settlement talks.

The reason for this is pretty simple: it’s far better for us to be brought into a new situation too early than too late. When we are brought in too late in the process the cake may already be too far baked for us to do as much as we can in improving the flavor. In other words, the more up to speed we are in terms of the particulars of any given lawsuit (and the health care profile of the personal injury plaintiff), the more benefit we can provide when it comes to planning and structuring a settlement in order to maximize the long-term benefits both for you and your client.

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Filed Under: Law Firm Management, lien resolution Tagged With: Medicare, Medicare Liens, settlements

Tis the Season (for settling lawsuits)

October 6, 2015 by Randy Levine Leave a Comment

ESS negotation roadmapSo we begin the fourth quarter, which in the litigation world we like to refer to as Settlement Season. Although each year is different, there seems to be a long-standing pattern that insurance carriers tend to push to settle a lot of cases in the last three months of the year.

No doubt part of the reason has to do with the peculiarities of the insurance business. Not that we are experts in the accounting and other arcane business practices of major insurance companies, but our basic understanding is that insurers, like any other company facing contingent liabilities, have to take reserves against their potential litigation exposure. Depending on the way they have established their reserves, this could create a significant incentive to settle claims prior to year-end, at least in cases where a settlement can be struck within the insurer’s target range, thus freeing up some portion of the reserve. From an accounting point of view, freeing up reserves has the effect of generating income for the insurer, which in many cases would have the ancillary benefit of translating into a better year end bonus for those in charge of managing the pool of risk. As in any negotiation, it pays to consider the potential motivations of your adversary before you sit down at the negotiating table.

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Filed Under: Law Firm Management, Mediations, structured settlements Tagged With: settlements

How and when to make your demand

June 16, 2015 by Randy Levine Leave a Comment

“Let us never negotiate out of fear. But let us never fear to negotiate.” – John F. Kennedy

ess-chess openJFK was thinking about diplomacy with the Russians when he uttered his famous phrase about fear and negotiation. But I think his words also hold true for the approach we take to most personal injury mediations. We never want our clients to head into a mediation session showing anything but the utmost confidence in the merits of the underlying legal case. But even assuming the law and facts are on your side, there is almost always something to be gained by trying to negotiate a settlement and thereby avoiding the expense and uncertainty that goes along with a courtroom trial.

Negotiation lies at the heart of any mediation. We actually think of negotiation as a process with two distinct stages. It starts with a demand stage in which one or both parties put their positions on the table. The demand stage establishes the framework for the negotiation stage that immediately follows, in which the parties will go back and forth however many times in order to reach a mutually acceptable settlement. As we see it, each of these stages presents a unique set of challenges and issues to be considered for any given litigation. There is an art to making a demand, and there is an art to negotiation, each of which is worth separate discussion. In the remainder of this week’s blog post, we will turn our attention to the art of the demand and then next week we will follow up with a discussion about the art of negotiation.

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Filed Under: Mediations, Uncategorized Tagged With: mediations, mediator, settlements, trial-ready

How to preserve your clients’ medical coverage while settling a case

June 8, 2015 by Brian Schachter Leave a Comment

esq - affordable careWhen it comes to the settlement phase of personal injury litigation, plaintiffs and their counsel will typically be focused on the bottom line – how close to their settlement demand has the defendant’s offer come? But quite often a proposed personal injury settlement will introduce a host of additional complications, which make it important to evaluate more than just the bottom line number. The most important such complicating factor is determining how your client is going to get medical coverage once the settlement is done.

All in all, there are lots of ways a client may end up forfeiting the right to continue receiving subsidized medical coverage after receiving a large monetary damages award, so analyzing your client’s health care needs post-settlement is a vital part of any personal injury settlement process. Unfortunately, many lawyers fail to pay heed to this issue, as a result of which their clients end up needlessly squandering some of the significant benefits of the eventual settlement.

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Filed Under: Affordable Care Act, Mediations Tagged With: ABLE ACT 2014, Affordable Care Act, Health care, health insurance, healthcare, Medicaid, Medical Law, Medicare, Medicare Set Aside, settlements, Special Needs Trust, worker's compensation, workers comp

Trial Ready or Not?

April 21, 2015 by Randy Levine Leave a Comment

shutterstock_234997276This week, we are continuing our series on how lawyers can get the most out of mediations. Last week, we wrote about the importance of getting all of the right people in the room. Showing up is the important place to start, but once you’re there, you better be ready: trial ready.

What does trial ready even mean?

To start with, it means that you have already addressed all essential motion practice related to the matter in hand. If the case warrants a shot at summary judgment on liability beforehand without going to a jury, then you should have already fully exhausted all avenues of motion practice before walking into the mediation (i.e. Labor Law 240). If you go to mediation too early, before you’ve taken that step, you’ve just handed a sword to the defense to argue that they can defeat a motion for summary judgment.  It can,also give them a psychological edge in thinking that you are not standing fully behind your case and you’re willing to take a discount.

Trial ready also means you’re walking into mediation ready to present your case, having fully prepared your arguments and evidence as you would before heading into court for the first day of trial. Some lawyers come equipped with a full trial binder and courtroom blow ups, subdivided into sections and categories. Some more tech-savvy lawyers like to show up with their laptops and iPads loaded up with Powerpoint presentations and all the x-rays, expert disclosures, and other key demonstrative evidence. Whether you’re new school or old school, the point is that you come into the room with everything all teed up, so you can walk the mediator through all the essential elements of the case. A lawyer who walks into a mediation session with nothing more than a few bullet points jotted down a yellow piece of paper and a disorganized redwell is doing a disservice to his client, by squandering a real settlement opportunity for want of proper preparation.

We should clarify, though, that a trial binder, blow-ups and visual aides are impressive but also not always necessary. In fact, we’ve worked with some excellent trial attorneys who show that they are trial ready in mediation sessions without a single piece of paper. They prefer to sit down in front of the mediator, defense attorney and adjusters and present all the facts and evidence purely from memory. This can be equally effective because it shows the lawyer’s ultimate ease and confidence with the facts and legal issues. It’s not a matter of bluffing so much as a different way of demonstrating the level of your preparedness.

A final point about preparedness: we think it makes sense to have all of your experts lined up with your 3101(d) expert exchanges in the hands of the defense. Some lawyers we know don’t want to spend the money until they have feel they must. But we think that’s penny-wise and pound-foolish. Nothing can be as effective as putting your money behind your case before mediation in order to demonstrate your commitment and confidence in a case.

In our experience, attending hundreds of mediations over the years, we see coming in prepared as the single most important determinant of success. Preparation, Preparation, Preparation. The more prepared a lawyer is, the better the outcome in mediation is going to be.

Filed Under: Insurance Adjustors, Legal Technology, Mediations Tagged With: insurance adjustors, legal tech, mediation, settlements, trial-ready

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