What Component of Your Case Can’t Be Valued Initially?

Some portions of your damages claim are difficult to place an initial value on. Future valuations for medical expenses and loss of earning capacity are usually difficult to value at the beginning of a case. These figures are particularly problematic to estimate when you do not know the full extent of your injuries.

The most difficult aspect of any client’s damages claim is placing a value on pain and suffering. Typically, we will look at jury verdict research to explore what compensation has been awarded in the past for similar injuries. This is only a starting point because awards for similar injuries typically differ dramatically depending on the facts of a case.

 

How much is my case worth?

RLG Information Center

That will depend heavily on who you choose to represent you.

Many lawyers that do not litigate cases will tell you that it is impossible to provide you with a ball park figure of what your claim is worth. This is simply not true. In fact, one of the most vital roles of your lawyer is to advise you on how much your case is worth.

In a nutshell, your case can be broken down into economic damages and non-economic damages. Economic losses can be calculated directly from the evidence presented at trial, such as medical bills, lost wages, loss of earning capacity, out of pocket expenses and so on. Non-economic losses are losses that can’t be precisely calculated, but are important losses. These are pain and suffering, emotional and mental distress, physiological turmoil, humiliation, embarrassment, inconvenience and loss of enjoyment of life.

Red Flag #1

Be careful of law firms that refuse to answer questions about how much your claim may be worth. No guidance at all is a red flag that you have hired a fast-track or high-volume law firm that churns through cases by settling them for whatever offer the insurance company initially makes. Don’t settle for less than your claim is worth because your lawyer doesn’t want to dedicate the time, effort and resources to build you a strong case.

Red Flag #2

You have to watch out for law firms that promise an unrealistic amount. It is unethical for any lawyer to promise a result to his or her clients. Don’t choose a lawyer on the sole basis that he provides you with the highest valuation of your case during the initial consultation. This may be a sign of either inexperience or misrepresentation.

The talent to get more.

Romanow Law Group

Call Toll Free 1-844-GET-MORE

Call us at 412-642-9100 for urgent matters.

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525 William Penn Place 28th Floor, Pittsburgh, PA 15219

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