Did you know that over 90% of cases are settled before the conclusion of trial? That’s probably for good reason as you will learn in this video.
This video talks about why litigation can be expensive and very time consuming. Particularly, everything takes time, such as preparing and responding to discovery, preparing and responding to motions, attending hearings, preparing and conducting depositions and reviewing the transcripts of depositions afterwards. Don’t forget research and communicating and corresponding with clients as to strategy and status eats up a lot of time too. Law firms typically have numerous lawyers working on a case, which adds up significantly and quickly when each lawyer is 300+/hour.
Each step and vehicle in the process has deadlines and those deadlines are typically extended, which results in more time. There’s a lot of fighting with opposing counsel, and often many of the strategies and tactics taken by attorneys in litigation are not meritorious, but are intended to take advantage of a challenged legal system, in the hopes of achieving delay or disruption to the proceedings.
Bottom line – you cannot plan ahead to avoid everything, but you can plan ahead to mitigate the holes to minimize litigation, which is good for everyone involved.
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