When I was a law student, some 30 years ago, I don't recall hearing much about settlement. I am sure that my teachers knew there were a lot of settlements, but they were not worthy of much attention. They were part of the realm of practical nuts and bolts detail that lay outside learning about the law; law school was about cases that were adjudicated.
Quality of Settlements, The,
1988 J. Disp. Resol.
Available at: https://scholarship.law.missouri.edu/jdr/vol1988/iss/4