Why You Need a Due Diligence Investigation for Your Legal Proceeding by A Los Angeles Private Investigator
When preparing for any type of legal proceeding, you need to be confident in your decision-making. You need to be confident that you are considering all viable claims (and considering only viable claims); you need to be confident that you have identified all potential defenses and counterclaims; and, ultimately, you need to be confident in your chances of success. The key to making confident decisions is hiring a Los Angeles private investigator to conduct a due diligence investigation.
Due diligence investigations can provide critical insights for all types of legal proceedings. From commercial contract disputes to personal injury and wrongful death claims, all types of legal proceedings require in-depth knowledge of the relevant facts. While it may be possible to obtain certain information through discovery later in the process, a Los Angeles private investigator can obtain information that is not available through discovery. Conducting a due diligence investigation at the outset allows for confident decision-making earlier in the process, saving costs as a result.
5 Benefits of Conducting a Due Diligence Investigation
Here are five key benefits of conducting a due diligence investigation in preparation for a legal proceeding:
1. Risk Mitigation
Conducting a due diligence investigation mitigates the risk of pursuing a legal proceeding by ensuring you have as much information as possible to guide your litigation strategy. It also allows you to make an informed decision about whether to pursue litigation in the first place, taking into account factors such as collectability (or whether the defendant is likely to be “judgment proof”), insurance coverage, and the defendant’s litigation and settlement history.
2. Cost Mitigation
As mentioned above, conducting a due diligence investigation also helps mitigate the costs of pursuing a legal proceeding. Gathering as much information as possible upfront can help you make decisions more efficiently while streamlining later steps of the process.
3. Claim Development and Preparation
With information in hand, you will be able to develop viable claims while ignoring potential claims that aren’t worth pursuing. You will be able to begin preparing your claims earlier in the process as well.
4. Defense Development and Preparation
If you need to be prepared to defend against any counterclaims in your legal proceeding, conducting a due diligence investigation will allow you to develop and prepare your defenses proactively.
5. Leverage for Settlement Negotiations
Finally, conducting a due diligence investigation will give you leverage for settlement negotiations. By clarifying that you have the information you need to pursue your claims in court, if necessary successfully, you can set the stage for favorable settlement negotiations that avoid the need for a trial.
Discuss Your Case with a Los Angeles Private Investigator
If you would like to know more about conducting a due diligence investigation in preparation for a legal proceeding, we invite you to get in touch. To discuss your case with a Los Angeles private investigator in confidence, please call 888-406-0149 or contact us online today.
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