Why do businessmen try to avoid litigation?
Consider the lawyerly advice that a poor settlement is better than a good lawsuit. This proverb asks one to consider the money and effort required for a trial, in addition to the risks of a trial.
Most civil legal claims are settled before trial. According to a survey by the U.S. Department of Justice, over 95 percent of civil cases (in state courts) are settled or dismissed without a trial.
Many cases are settled because trials are notoriously risky.
Some lawyers say that there are several risks. One risk is the credibility of . . . [more]