My client has $2.4 million of exposure, and after 6 hours of mediation, I had a tentative deal to settle for $1.25 million - more than half of my client’s net worth. I drove 6.5 hours round trip, partially in driving rain, to tell my client they were fucked and we had to take the best deal we could.
We had no leverage because the previous lawyer made a mistake that waived our defenses.
I had to stop my client from throwing his 45 year union pin at the representatives for the pension.
This was one of the worst days I have had as a lawyer, so I am having dinner and a beer.