The theory behind the settlement conference option is that the opportunity for an informed, neutral case assessment (after documents and witnesses to be presented at hearing have been determined by the parties) will, in many cases, facilitate resolution and obviate the need for hearing. The goal of the settlement conference is not only to reach an agreement in principle, but further, to draft and execute a binding settlement agreement at the close of the conference, thus affording the parties efficiency and finality, as well as mitigation of costs.
