Mass Tort Webinar Series Part 4: Settlement Best Practices

Welcome Announcements

Settlement Best Practices

Modern settlement strategies depend on data, tech fluency, and coordination across jurisdictions. Efficiency and accuracy are key.

How to Be Tech Savvy

• Utilizing case management software to track inventory and liens.
• Digital dashboards for tracking claimant eligibility and metrics.
• Managing communications with co-counsel and fund administrators securely.

Using Tech to Get Settlement Data

• Leveraging analytics to model expected value and range of settlements.
• Centralizing data from multiple firms to improve negotiating power.
• Using AI or database tools to identify patterns in injury severity, exposure duration, or medical outcomes.

Lien Resolution and Data Management

• Tools for handling Medicare, Medicaid, and private lien verification.
• Ensuring accuracy and compliance in claimant data submission.

Ethical and Administrative Oversight

• Preventing double recovery or misallocation errors.
• Maintaining transparency with clients and co-counsel in global settlements.

Questions & Answers