What is the purpose of a legal settlement conference?

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What is the purpose of a legal settlement conference?

The purpose of a legal settlement conference is to facilitate the resolution of a legal dispute through negotiation and compromise, with the assistance of a neutral third party. It aims to avoid the need for a formal trial by encouraging the parties involved to reach a mutually acceptable agreement. The settlement conference provides an opportunity for the parties to discuss their respective positions, exchange information, and explore potential solutions. It promotes the efficient and cost-effective resolution of disputes, while also reducing the burden on the court system.