When personal injury attorneys calculate the appropriate settlement for their clients, they take into account several factors. Settlements are negotiated with insurance companies or other responsible parties, and the extent of the client’s injuries is one of the primary considerations. Attorneys review medical bills, ongoing treatment costs, and the impact on the client’s ability to work or engage in prior activities.
The more severe the injury, the higher the potential settlement. Fault is also a significant factor, particularly if negligence or reckless behavior was involved.
Attorneys examine evidence such as accident reports, witness statements, and medical records. Available insurance coverage plays a role as well. If coverage is significant, attorneys may negotiate a higher settlement. A potential trial is another factor to consider since settling out of court may be preferable. Attorneys assess their case’s strength as well as the possible biases of a judge or jury.
Lastly, personal injury attorneys may consider the potential for future damages. If the client’s injuries are likely to require ongoing medical treatment or result in long-term disability, the attorney may negotiate a higher settlement to account for these future costs.