7 a the fine art of negotiating a lead case hb lead-conf
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Transcript of 7 a the fine art of negotiating a lead case hb lead-conf
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Defense Perspective
The Law Offices of Frank F. Daily, P.A.11350 McCormick Road
Executive Plaza III, Suite 704Hunt Valley, Maryland 21031
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Defense Perspective
Evaluation
Negotiation
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Should we settle?
• How much? • When?
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Considerations
• Liability
• Damages
• Coverage
• Other factors
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BUT FIRST ...
• Who's the boss?
• Remember who is the client!
• Split allegiance
• Allstate Insurance Co. v. Campbell, 334 Md. 381, 639 A.2nd 652 (1993).
• What is best for the client?
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Liability Considerations
• Very bad
• Very good
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Damage Considerations
• lead levels • educational issues • occupational
issues
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Coverage Issues • Amount - enough to cover
verdict?
• Erosion/Impairment of policy
• "Gaps" in Coverage
• Penn National Mutual Casualty Insurance Co. v. Roberts, et al., 668 F.3rd 106 (2012)
• Other Litigation - More Erosion?
• Notice to Client and Input from client
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Settlement Amounts• Appropriate figure?• Implications of
settlement
Large Settlement
Small Settlement
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Is it all about the money?No .....
• Terms/Type of Release
• Confidentiality
• Structure
• Liens (Beware!)
• Discuss terms with opposing counsel!
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Thank you!The Law Offices of Frank F. Daily, P.A.
11350 McCormick Road Executive Plaza III, Suite 704Hunt Valley, Maryland 21031