There are two ways of settling car accident cases, the first being settled outside the courtroom and later proceeding to litigation. Most car accident cases are settled outside the courtroom. If you are a resident of New Mexico, contact the Albuquerque car accident lawyer for assistance after you have met a car accident. However, settling a car accident outside the court has a few pros and cons.
Litigation is a time-consuming process. It may take months or years before the settlement is done. The defendant nor the plaintiff want to go through such a lengthy process. Settling the issue outside the courtroom saves time and work.
Litigation involves extra money for case filing, transcripts, expert testimony, court filing fee, and hiring an investigator. Also, your attorney’s expenses will increase because of the increased work. An outside settlement of the case is significant as it will minimize the amount spent on the litigation.
While settling a case outside the courtroom, you can make your demand. But litigation does not allow you that liberty. The court will decide how much you will get, and if you lose the case, you will not get anything.
The major setback to accepting a settlement outside the courtroom is that you could have won more compensation in the litigation. Though the outcome is not guaranteed, making decisions can be hard based on possibilities. Based on their experience, attorneys can speculate the likelihood of winning your case in litigation with the collected evidence. Ensure that you have strong evidence, and the chances of getting a larger share in the courtroom are high. If you lack it, accepting a settlement outside the court is wise. No thumb rule implies that you must accept the first settlement offered. Get your lawyer to review the settlement offers and allow them to negotiate on a better offer.
There are more pros than cons to settling a case outside the courtroom. But all accidents are different, and there is no harm if you want to continue with litigation. Considering your lawyer’s advice will be a wise decision. Their expertise will help you get a clear picture of both scenarios. Talk to your car accident attorney and discuss the probable outcome of both decisions. If you have full proof pieces of evidence, go and file litigation.