No two personal injury cases are identical. While some personal injury cases may settle quickly, others take years before the parties reach an acceptable settlement agreement. At the very least, many personal injury cases require several rounds of tough negotiations before arriving at a satisfactory settlement.
Many complex factors determine how long it takes to reach a settlement agreement, including whether the at-fault party is disputing fault for the accident, the venue where the case is pending, the complexity of the case, the injuries involved, the medical treatment received, the permanency of the injuries suffered, and the need for further medical procedures.
While there is no such thing as a “perfect” settlement that fully restores an injured victim to their previous physical, emotional, and financial state, a “good” settlement is one that satisfactorily compensates the accident victim for his or her injuries. While this may be slightly less than the damages sought in a lawsuit, accepting a settlement eliminates the risk and uncertainty of going to trial and letting independent jurors decide the final outcome of the case.