DEFINITION Abbreviated, informal presentation of case by the parties to a senior claims or business representative intended as a prelude to settlement discussions. Primarily used in large, complex, or multi-party cases NEUTRAL Impartial third party may be selected by parties, but not always, to preside over presentations and assist the parties in eliciting information ROLE OF LAWYERS Summary presentation of case in adversarial manner ROLE OF PARTIES Observe, listen to case from both sides, ask and answer questions; make an informed evaluation; engage in settlement discussions SCOPE OF PROCESS Loose structure, flexible; agreement of parties; non-binding; confidential OUTCOME Negotiated settlement based on the full range of needs and objective of the parties.