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James P. Brady, Attorney at Law

                              

              

                Certified Civil Trial Attorney 


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Predicting Civil Trial Verdicts in Personal Injury Cases

Posted on April 22, 2017 at 1:15 PM

Studies have shown that plaintiff's attorneys over-estimate the value of their client's injury case and reject more favorable settlement offers 61% of the time.  Each such mistake cost an average of $43,100.  (Kiser, 2008 ).  On the other hand, defense counsel and their insurance claim managers were more accurate in their predictions on a more consistent basis.  They were "wrong" only 24% of the time as measured by rejecting offers of settlement from the plaintiff that ended up being more favorable than the jury verdict.  But, when they were wrong, the "mistake" was a doozy resulting in an average cost of $1,140,000. (Kiser, 2008 ).



Categories: Litigation, Serious Personal Injury