This is a meeting between the parties to any legal case, usually involving Counsel/Barristers on both sides at an agreed location, which is usually the solicitor’s office of either the Claimant or Defendant, the purpose of which is to try to settle the case on terms acceptable to both parties.
If the meeting is successful, and a settlement agreed, it is usually made the subject of a Court Order, which ensures that the paying party honours the payment of damages and costs agreed at the meeting, and does not renege on payment.