Personal Injuries and the Credit Crunch
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You know the economy is lousy when your personal injury clients begin to call and say "My God...isn't my case ready to settle yet?" This is a lament we are hearing lately with greater frequency, particular in cases involving motor vehicle accidents.
Every case has a time when it's ready to settle or proceed to trail. Settlements usually occur when a client has completed treatment and the attorney is competently able to assess the extent of the injury, whether or not there is any continuing disability, and whether or not there are lost wages or loss of earning capacity. These factors and others, all go into the assesment of what a case is worth. Until we have this information, a case is not ripe for settlement. However, when it comes to paying the bills, or waiting for a case to be "ripe", the client will always opt for paying the bills. Unfortunately, this is the economy we all find ourselves confronting.
Because of the diversity of our firm in both personal injury and business law, we are able to assist our clients in creating strategies to work through these difficult times. Whether it be protecting assets, negotiating with lenders in real estate workouts, or restructuring debts; we help our clients confront problems that may appear, but are not, insurmountable. We may not always be able to avoid a clients request to settle a case before it's ready, but we can certainly try to help.