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The video tutorial by OFlaherty Law discusses pre-trial settlement conferences, which are meetings between the judge, attorneys, and parties to settle a case before trial. These conferences typically occur after all discovery has been conducted but can happen at any time in the case. It aims to avoid the expense of a trial and can be ordered by the judge early on or requested by the parties if settlement seems appropriate. The parties can benefit from the facilitation of settlement at any point in the case.