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William J. Scott, P.E.
A little-known fact is that less than 5% of the lawsuits filed ever make it to trial. Yes, 5%. Some are dropped, some are settled along the way, and a larger percentage are settled the week before trial or settled on the courthouse steps. The settlement, late in the game, is after you have already spent 95% of your legal fees - money that could have been used towards a settlement offer. Unfortunately, on the courthouse steps, that money is already sunk cost. The earlier you settle, the more legal cost you are able to avoid and there is more money available for settlement. This does not take into account the cost of the parties' internal time and expenses, which can run as high as the legal cost. Time wasted could be spent on more productive activities such as securing new business or executing existing business.
Everyone (individuals and corporations) should consider Alternate Dispute Resolution prior to running down to the courthouse to file a civil lawsuit. This course will fill you in on how ADR works, its advantages, and its limitation so that you may make an informed decision about a lawsuit or ADR.
This course includes a multiple-choice quiz at the end, which is designed to enhance the understanding of course materials.
NY PE & PLS: You must choose courses that are technical in nature or related to matters of laws and ethics contributing to the health and welfare of the public. NY Board does not accept courses related to office management, risk management, leadership, marketing, accounting, financial planning, real estate, and basic CAD. Specific course topics that are on the borderline and are not acceptable by the NY Board have been noted under the course description on our website.