A settlement happens when your attorney and opposing counsel come to an agreement on the damages for medical bills, lost wages, and other expenses. Your exact settlement amount will vary depending on several circumstances, including your level of injury, the type of accident, your employment status, and what sort of bills you’ve acquired as a result of someone else’s negligence. Your attorney will fight for you at no upfront cost with no hourly fees, but will take a reasonable fee from your final recovery settlement.
The process isn’t instant: Your attorney won’t take the first offer, but will instead negotiate with opposing counsel to get a dollar amount that is suitable to your circumstances. Once both parties agree on an appropriate amount, it can take up to 6 weeks to get your money.
The value of your case depends on a few key factors: the circumstances of your accident, the severity of your injuries, and limits on insurance coverage, among other things. The primary driver behind case value is how much the plaintiff could get in the damages, including:
- Past medical bills
- Future medical bills
- Lost wages
- Loss of earning capacity
- Loss of consortium
- Pain and suffering
Some of those considerations might not have a clearly articulated value at first. However, based on our attorneys’ past experience, they could offer an estimated case value after assessing your medical records, police records, statements, and other evidence, such as the progression or regression of your physical and mental state after an accident. The whole picture can provide a window into what to expect from a personal injury lawsuit.