How Do Lawyers Determine How Much a Case Is Worth?
How much is your personal injury case worth? So many factors go into this important financial determination and unfortunately sometimes the value and the payout don’t always sync up when there are limited funds available from the defendant. While a personal injury lawyer should never guarantee you a specific amount, they should be able to give you a very realistic idea of case value during your consultation.
Factors That Can Determine the Value of Your New York Personal Injury Claim
The most important factors that can determine the value of your personal injury claim include:
- The amount of economic and non-economic losses you suffered as a result of the accident
- Whether you have been physically or mentally disabled as a result of the accident
- Whether you contributed to the accident in any way and if so, to what extent
- The defendant's role in the accident
The economic damages you can recover in a New York personal injury claim include:
- Medical expenses
- Out-of-pocket expenses associated with your treatment
- Rehabilitation expenses
- Property damage
- Lost wages
The non-economic damages you can recover in a New York personal injury claim include:
- Pain and suffering
- Emotional distress
- Permanent disfigurement
- Reduced quality of life
Your personal injury lawyer will determine the value of the non-economic losses you suffered by assessing the impact of your injuries on your day-to-day activities and social life, whether your injuries and disabilities (if any) prevent you from enjoying life like you used to, and other factors.
If you suffer debilitating injuries in the accident and are left physically or mentally disabled as a result, the loss of your earning capacity and the cost of your long-term care can also be included into your claim.
Your personal injury lawyer will work with medical professionals, rehabilitation specialists, vocational experts, and a number of other experts to estimate the cost of your long-term care and the amount of money you stand to lose as a result of not being able to work like you used to.
It is an extremely important factor to be considered while determining the value of your personal injury claim, since New York is a comparative negligence state and your compensation can be reduced if you are found to be at fault.
For instance, if you are awarded $200,000 in damages, and if you are found to be 30% at fault for the accident, there will be a 30% deduction ($60,000) in your compensation and you will then receive $140,000. Your case can still be worth a lot of money even if you played a role in the accident so do not let this delay your call to our firm to learn more!
Injured in an Accident? Let Our Experienced New York Personal Injury Attorneys Help You.
At the Law Offices of Michael S. Lamonsoff, we are committed to providing the highest possible quality of legal representation to all our clients. Our legal team – led by experienced and accomplished civil litigator Michael S. Lamonsoff – is prepared to go the extra mile to protect your rights.
We will gather all the evidence needed to establish the liability of at-fault parties and the extent of economic and non-economic losses you suffered as a result of the accident. We will fight to get the at-fault parties to pay you what you deserve – every penny of it.
To discuss your case with an experienced New York personal injury lawyer, call us today at 212-962-1020 or contact us online and schedule a free consultation.