Golden Rule of Negotiations | Strategy for Lawyers and Law Students

This negotiation strategy and philosophy led me to negotiating a six-figure settlement in record time! While it may be a simple concept, using this essential negotiation style can be difficult when you're dealing with difficult people and/or getting caught up in the adversarial process. Find out why you shouldn't stray from the golden rule!
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Пікірлер: 20

  • @LawVenture
    @LawVenture3 жыл бұрын

    What is your approach with Negotiations? Let me know with a comment!

  • @jeremylawrenceamadehilledw6515

    @jeremylawrenceamadehilledw6515

    3 жыл бұрын

    Very good point about trying to settle before filing. I think the general rule is the side better prepared to try their case is going to 'win' in negotiation. I would try to understand our case's weaknesses, the client's minimum, and the client's target. The opposing party will tell you what they want and I guess it's up to us to work out what they will accept. But what opposing party will accept depends on the circumstances and potenetial consequences of the litigation. So I would look for something to use against the other side; could be anything. Perhaps the adjuster needs to meet their deadline and you can kill 'em with kindness. Perhaps opposing party is rich with complex financials (and perhaps tax avoidance) related to family wealth; maybe they slip up a page in discovery, which looks like an undisclosed bank account; maybe your client will need to hire a forensic to establish opposing party's cash flow. Or perhaps opposing party has a particular character flaw that leads then to care too much about something, financial or personal, which is relevant to the case and can be made an issue, such that they really have skin in the game. Or perhaps opposing counsel has a reputation for trying to settle and you simply out work them before offering trial. It could be anything, but I think the common thread is you know your case and are ready to go, and know something about your opponent's case that either they do not know, or which is a triable issue of consequence to opposing party or counsel.

  • @EricHsiao-dragonted
    @EricHsiao-dragonted Жыл бұрын

    I'm a 3rd party lien negotiator for a couple of law firms in CA. I use the same tactics when I'm negotiating liens and kindness does go a long way. Great advice.

  • @euo95
    @euo953 жыл бұрын

    Great tips on being personable! I've worked in retail before law school and customers love when you remember facts about them!

  • @LawVenture

    @LawVenture

    3 жыл бұрын

    Absolutely!!

  • @PM_Nunya_Bidness

    @PM_Nunya_Bidness

    3 жыл бұрын

    I worked retail through business school. It taught me so much that still comes in handy now that I work in finance...like how to be a calm, likable human that people don't hate and actually enjoy working problems out with. lol

  • @donnellhicks
    @donnellhicks Жыл бұрын

    You have the right approach to be a lawyer for many years. I know many lawyers that have health issues because they are always fighting the opposition. Thank you for sharing your strategy the world would be a better place if we had more kind humans.

  • @derekestump6435
    @derekestump64356 күн бұрын

    Great advice sir,and ty!~

  • @charlieluke1886
    @charlieluke18863 жыл бұрын

    Love your channel!

  • @LawVenture

    @LawVenture

    3 жыл бұрын

    Thank you so much!

  • @carlaraimer718
    @carlaraimer718 Жыл бұрын

    Thank you

  • @fdoihgsd
    @fdoihgsd3 жыл бұрын

    can you do more videos relating to what comes after client intake/settlement issues. thanks!

  • @LawVenture

    @LawVenture

    3 жыл бұрын

    I'm not sure that I'm understanding. Anything specific you're wanting to see content on? There's a LOT that comes after client intake (the whole case haha).

  • @fdoihgsd

    @fdoihgsd

    3 жыл бұрын

    @@LawVenture more on how you go about getting information from the client on the case/settlement issues - things done pre-trial

  • @answer420
    @answer420 Жыл бұрын

    I need a rep to help me in negotiations for a trade secret misappropriation settlement.

  • @ursimplythebest
    @ursimplythebest Жыл бұрын

    What state are you located in?

  • @andrewrushworth6399
    @andrewrushworth6399 Жыл бұрын

    You gave me the impression you were trying to get a date with her

  • @MikeVallez1
    @MikeVallez1Ай бұрын

    You should wear a suit.

  • @idolhanz9842
    @idolhanz9842 Жыл бұрын

    Properly keep the case in it's proper perspective. Is this a catastrophic loss or is it a life altering? Or is it just a nuisance value case? Was it outrageous, like assault, ?video recorded ? Im Pro Se in Federal court in Califmexifornistan, heading to settlement conference with a magistrate judge mediating..