What is my lawsuit worth?
This is by far the most common question we hear from our clients. However, it is also the most difficult to answer. First we must have ALL the facts and information for your case in order to understand a fair value for either settlement or trial of your accident or injury case.
The first factor, liability, is fairly simple to understand. Were you caused harm due to others negligence intentionally or unintentionally?
Many times, the liability of the defendant will not be clear-cut. The ultimate question on liability is “What are the odds I can prove that the other person is at fault?” It is not always what you know, it is what you can prove.
Lawsuit-Related Medical Expenses
One way to measure how badly you are hurt is to calculate your past and expected future medical expenses. Generally speaking, the greater these expenses, the more your case is worth.
These damages are self-explanatory, but not nearly as simple to calculate as you might think. What if the lasting result of your accident or injury will no longer allow you to work in the same job or capacity as you did before you were hurt or injured? There are several factors that go into these calculations and understanding them can get quite complex.
Pain and Suffering
Pain and suffering are commonly referred to as “non-economic” damages. Unlike economic damages such as lost wages and medical bills, it is impossible to produce documentation to prove their value. These types of damages are left to the jury to decide. Often times the jury will use a multiple of your economic damages to come up with a number for your non-economic damages. This could be one times to 20 times your economic damages as an example. Without understanding the full extent of your accident and injuries, and just how traumatic they were it is very hard to calculate an exact number.
Once we have determined liability, now we need to be able to collect compensation for damages. However, we have all heard the saying, “You can’t squeeze blood from a turnip” meaning if there is nothing there to get, you can’t get it. The amount of money you can recover may be limited by the amount of insurance the defendant has.
How much money is my lawsuit worth? It depends on the factors listed above. Once we understand all the facts and information of your case we will be able to tell you a rough estimate.
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