In many legal cases, negotiation is an important part of a successful outcome. The ability to negotiate is one of the most valuable skills an Indiana lawyer can have. Negotiation applies to many areas of law, including contracts, litigation resolution, and government inquiries. Negotiation has many advantages, including settling legal cases quickly and with a favorable outcome. In employment cases, negotiation counsel provides similar benefits for corporate clients.
What are the Benefits of Negotiation?
Negotiation is often a faster way to settle disputes than traditional legal cases. In some instances, settlements can occur months, sometimes years, earlier when a case involves successful negotiation. By settling earlier, cases provide financial discounts that extend to clients and sometimes their insurance companies as well. Negotiation is a softer approach to conflict resolution, which means that negotiated cases generally result in more humane and sympathetic treatment to both parties. Negotiation often results in fewer lawsuits filed, lower insurance premium payments in cases where insurance is involved, and lower expenses for experts and attorneys.
What is Negotiation Counsel?
Negotiation counsel is a method that helps corporations settle claims involving serious accidents and other matters. The goal of negotiation counsel is to settle claims in a timely, humane, and reasonable fashion to lower legal expenses and protect the reputation of the company or companies involved. Negotiation counsel is different from defense counsel, which provides legal advice, represents the client in litigation if a lawsuit is filed in court, and manages the investigation. While defense counsel and negotiation counsel are both involved, negotiation counsel focuses on achieving an amicable outcome and reducing the time and expenses associated with hiring and retaining legal experts. Ultimately, negotiation counsel aims to create a custom settlement package with a win-win solution and reach a reasonable agreement.
Negotiation is a valuable tool for settling legal disputes more quickly, efficiently, and with fewer resource expenditures than traditional court cases. Negotiation counsel can also help companies reach a favorable agreement with less financial impact, and it can keep their reputation intact. For negotiation and counsel assistance, contact our team of professionals.