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How Are Personal Injury Settlements Calculated?

Video Transcript

For a personal injury action, one of the arts is being able to come up with a number that you, as the attorney, think is fair and reasonable and have a discussion with your client about and it is different from case to case. One of the things I tell our lawyers is theyโ€™ll present a case at a lawyer meeting, and weโ€™ll give opinions as to what we think is fair and appropriate compensation. Sometimes I think people can fall into the trap of saying, โ€œWell, I settled this hip fracture case for this, so this one that Iโ€™m handling right now must be worth the same amount.โ€ Thatโ€™s not true. The true answer is the only people that can actually tell you what a personal injury case is worth are a jury. You want an attorney that is going to really listen to you, to really value what youโ€™re going through. I think it takes time to really understand your client and to really understand how the injury that he or she sustained has impacted them on a daily basis. So thereโ€™s not a set answer, but it is sort of an art, and you want an attorney thatโ€™s really going to fight to maximize the value of your case.

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