In this blog, we discuss the importance for contingency fee law firms of being settlement ready when it comes to managing the post-settlement process.

When a case resolves, the real work begins. Ensuring your law firm is settlement ready is not just a strategy—it’s a necessity. In our latest video, featuring  Sam Dolce-Powers, attorney/partner at Milestone,  Sam shares actionable insights to help trial lawyers streamline post-settlement workflows and enhance the client experience.

Watch the video now. Click the video at the top of the page.

The Importance of Being Settlement Ready

Many trial lawyers invest years mastering their trial strategies—jury selection, openings, and closings—only to overlook critical administrative processes that come into play after a case settles. Being settlement ready means more than closing a case; it requires anticipating challenges post settlement and having the right processes in place.

Key Considerations for Being Settlement Ready:

• Partnering early with post-settlement experts to address legal complexities like probate and bankruptcy issues.
• Establishing workflows to handle administrative tasks efficiently.
• Ensuring all aspects of the client’s journey from litigant to settlement recipient are seamless and stress-free.

Three Keys to Being Settlement Ready

According to Sam, there are three critical steps every trial lawyer must take to master the settlement process:

1. Build Effective and Efficient Processes: Ensure workflows are both robust and adaptable to meet varying settlement needs.
2. Assemble a Strong Team: Leverage in-house or external resources, including technology, to support settlement operations.
3. Focus on the Client Experience: Create a settlement journey that prioritizes the client’s needs and satisfaction.

Risks of Not Being Settlement Ready

Failing to prepare for post-settlement processes can have significant consequences:

• Inefficiency: Poor workflows can increase costs and strain resources.
• Ethical Risks: Mishandling settlements may lead to bar complaints or even jeopardize your law license.
• Client Trust: A disorganized settlement process can erode client confidence in your law firm’s ability to deliver results.

Take the First Step Toward Making Your Law Firm Settlement Ready

By prioritizing settlement readiness, you not only safeguard your firm’s reputation but also elevate the overall client experience. Watch our video featuring Sam Dolce-Powers for more tips on how to prepare your firm to be settlement ready.

Watch the video now. Click the video at the top of the page.

Meet with Esquire Bank.

Choose Esquire Bank for your next Qualified Settlement Fund.

Discuss your settlement and distribution needs with an Esquire Bank Expert today at a time convenient to your schedule.

SCHEDULE A MEETING

 Or send an email to settlementservices@esqbank.com.

Learn How to Leverage Case Cost Financing – A Strategic Solution

Case cost financing is one such solution for overcoming the financial challenges contingency fee law firms face – and an effective one at that. By leveraging a case cost line of credit, it enables your law firm to access capital to cover litigation expenses, expert witness fees, and other case-related costs.

Instead of tying up your cash flow in ongoing cases, you can use financing to free up valuable capital to invest in expanding your accounting and financial departments, upgrading your technology, hiring new talent, or acquiring new cases to ensure a stable flow of case intake.

The information provided in this blog is provided for general informational purposes only. Some of the information may not be applicable or appropriate for all law firms.