May 10, 2024

How Much Should I Ask for in a Personal Injury Lawsuit?

Man in suit holding a balance scale with dark background

Determining how much to ask for in a lawsuit depends on various factors, including the extent of your damages, the circumstances of the case, and the applicable laws. But the short answer is that you should ask for what you deserve to move forward with your life. 

A personal injury lawyer from Morgan & Morgan can help you determine the true value of your claim and can fight to get every penny owed to you.

 

Factors Morgan & Morgan considers when determining the value of a lawsuit

Damages: Morgan & Morgan begins by assessing the damages you've suffered as a result of the incident. This may include medical expenses, lost wages, property damage, pain and suffering, emotional distress, and any other losses you've incurred.

Review of Your Expenses: Keep thorough records of all expenses related to the incident, including medical bills, repair estimates, receipts for out-of-pocket expenses, and documentation of any other financial losses you've experienced.

Consideration of Future Expenses: In addition to current expenses, Morgan & Morgan may consider any future expenses you may incur as a result of the incident, such as ongoing medical treatment, rehabilitation costs, and lost earning potential.

Non-Economic Damages: Non-economic damages, such as pain and suffering, emotional distress, and loss of enjoyment of life, can be more challenging to quantify but are equally important. Consider the impact the incident has had on your quality of life and well-being when determining the amount to seek.

Expert Analysis: Depending on the nature of your case, Morgan & Morgan’s specialized experts, such as medical professionals, economists, or vocational experts, may help to assess the full extent of your damages and provide expert testimony in support of your claim.

Consideration Settlement Offers: If the other party offers a settlement before going to trial, Morgan & Morgan will carefully evaluate the offer in light of your damages and the strength of your case. While settling may provide a quicker resolution, it's essential to ensure that the settlement amount adequately compensates you for your losses.

If you hire an attorney with Morgan & Morgan to represent you in the lawsuit, work closely with them to determine the appropriate amount to seek in damages. Your attorney can provide valuable guidance based on their knowledge of the law and experience handling similar cases.

Ultimately, the amount you ask for in a lawsuit should reflect the full extent of your damages and losses resulting from the incident. By carefully assessing your damages, documenting your expenses, and seeking guidance from legal and financial professionals, you can pursue fair compensation for your losses through the legal process.

 

Should I Settle Out of Court?

The specifics of your case, your priorities, and your willingness to take on the risks and uncertainties of litigation can all contribute to whether you would want to settle out of court. Morgan & Morgan always fight for the maximum compensation and never takes a lowball settlement offer. Our trial-ready attorneys are always willing to see a case all the way to court if necessary, and our law firm has recovered over $20 billion for our clients as a result.

 

Factors Morgan & Morgan considers when determining the fairness of a settlement offer

Morgan & Morgan considers the strength of your case and the likelihood of success if you were to proceed to trial. If the evidence strongly supports your claim and liability is clear, you may have a better chance of securing a favorable outcome in court. Conversely, if your case is tricky or liability is disputed, settling out of court may provide a more predictable and favorable resolution.

Litigation can also be time-consuming, costly, and emotionally draining. Our compassionate lawyers consider the potential costs associated with going to trial, including attorney's fees, court fees, expert witness fees, and the time and energy required to prepare for and attend court proceedings. Settling out of court can often result in a quicker resolution and lower overall costs.

Going to trial can also carry inherent risks, as the outcome is ultimately in the hands of a judge or jury. While you may believe in the strength of your case, there's always the possibility of an unfavorable verdict or an appeal, which can prolong the process and increase your expenses. Settling out of court provides a level of certainty and control over the outcome.

Morgan & Morgan will evaluate the settlement offer carefully to determine whether it adequately compensates you for your damages and losses. We consider not only the monetary compensation but also any non-monetary terms, such as confidentiality agreements or future obligations. If the settlement offer meets your needs and goals, it may be worth accepting.

Litigation can be emotionally taxing, particularly if the case involves sensitive or traumatic events. Consider the emotional toll of proceeding to trial, including the stress of testifying in court and the potential for public scrutiny. Settling out of court can offer a more private and less adversarial resolution.

Consult with your attorney to discuss the pros and cons of settling out of court versus proceeding to trial. Your attorney can provide valuable guidance based on their knowledge of the law, experience with similar cases, and understanding of your priorities and objectives.

Ultimately, the decision to settle out of court should be based on a careful evaluation of your circumstances and a consideration of the potential risks and benefits. By weighing these factors and seeking guidance from legal professionals, you can make an informed decision that best serves your interests and goals.

How Does a Personal Injury Lawyer Help?

When you are hurt in an accident, your initial inclination may be to file a claim with your insurance company and hope that the right thing will be done. This does not always happen, however, as the insurance company is not always advocating for your best interests (but rather, their own bottom line) and may not see eye to eye with you on a full and fair resolution in terms of payment compensation. 

When you work with Morgan & Morgan, your lawyer will sit down with you to map out all of the expenses you have already undertaken as a victim and your likely future expenses, too, since in many cases your injuries might require payment of medical bills for years to come. 

Your lawyers will work directly with you to help walk you through the entirety of the case and to assist you in gathering additional evidence. Even though you probably see yourself as the victim, remember that the other party in the case will likely do everything they can to argue against you. If they hire legal counsel, it becomes their legal counsel's job to minimize the strength of your claims. This is why you need an experienced lawyer to help you from the beginning of the case.

How can Morgan & Morgan help you? It's all in our motto, "dedicated to protecting the people, not the powerful." It's this idea that motivates our staff of over 1,000 trial-ready attorneys. Your rights and future ability to cope with your losses and injuries are our main priority. Because we are never afraid of the courtroom, big insurance companies are afraid of us, knowing they will lose. 

Our trial-ready attorneys never settle for less than the total amount your injuries and losses are worth. We can do this because of our vast experience and tremendous resources. In fact, our resources include thousands of capable staff besides our lawyers. We also employ engineers, investigators, researchers, and scientists to help prove your claim.

Even though we may sound like a legal juggernaut, we still value family above all things. That's the reason Morgan & Morgan is still a family-owned firm. And it's the reason why John Morgan started Morgan & Morgan, to defend families after his own personal experience fighting mega-companies and lawyers that valued profit over people. 

Contact us today for a free case evaluation—24-hours a day, 7-days a week. We're prepared to make things right for you and for your family.