Are Personal Injury Lawyers Worth It?
Injured victims in New York may sometimes mistakenly believe that they can save money by forgoing the services of a leading personal injury lawyer. They could not be more wrong. In the absence of strong legal representation, an injured victim or their family is usually no match against the negotiating tactics and legal firepower of the defendant’s insurance company and may end up with only a small fraction of the damages they are entitled to.
Does it Pay to Hire an Experienced New York Personal Injury Attorney?
Research conducted by the Insurance Research Council offers evidence to show that hiring personal injury lawyers is worth it. According to the Council’s findings, personal injury victims who sought legal representation received settlements that were nearly three and a half times higher than those who navigated the legal process on their own.
Although the initial study revealing this trend was published several years ago, subsequent research by the Insurance Research Council has confirmed its continued validity.
The research conducted by the Insurance Research Council also sheds light on the distribution of insurance payouts for bodily injury claims. It was discovered that a staggering 85 percent of these payouts went to individuals who had legal representation. This data indicates that having a New York City personal injury attorney by your side can greatly increase the likelihood of your claim being approved and result in a more substantial monetary compensation.
These findings highlight the potential benefits of hiring a personal injury lawyer. While it's important to remember that each case is unique and outcomes can vary, seeking the assistance of an experienced and resourceful New York personal injury attorney can significantly enhance your chances of obtaining a favorable settlement.
Plaintiffs with Personal Injury Lawyers Have a Much Higher Rate of Settlements than Those without Legal Representation
Studies have revealed the undeniable advantage of enlisting the support of car accident lawyers when seeking maximum compensation. One study found that 91 percent of car accident victims with legal representation achieved successful settlements, while a mere 51 percent could obtain settlements when navigating the legal process alone.
It’s understandable that some injured victims or family members of a wrongful death victim may hesitate to hire a lawyer due to concerns about the associated legal fees. Stemming from this, when considering the significant disparity in compensation achieved with the aid of a lawyer, the resulting amount even after deducting the attorney's fees remains substantial.
The bottom line is this-- it is financially prudent to enlist the services of a proven and resourceful lawyer in New York who can tenaciously advocate for your rights and pursue the compensation you rightfully deserve.
Why it Matters to Hire a New York Personal Injury Lawyer with a Proven Record of Settlements and Verdicts?
At the Law Offices of Michael S. Lamonsoff, we have recovered more than $500 million in damages for our personal injury clients over the years. Here are three reasons why it is worth hiring top-rated NYC personal injury attorney Michael S. Lamonsoff “The Bull” and his legal team with a formidable record of large settlements and verdicts:
Our Ability to Collect Strong Evidence
The burden of proof in New York personal injury claims lies on the injured victim. We have the ability to collect physical, forensic and electronic evidence, photos and videos, eyewitness statements, subpoenaed records, accident reconstruction reports, and police and medical reports to prove liability of the at-fault parties.
When powerful defendants and large insurance companies realize during discovery, negotiations and sometimes even during the trial that our lawyers have built compelling evidence to prove liability — they will likely be much more willing to settle the case to your satisfaction rather than take the risk of arguing before a jury. Juries can be very sympathetic to injured plaintiffs — and the defendants could end up paying far more in damages.
Our Thorough Trial Preparedness
We will spare no effort or expense in collecting evidence, hiring the best expert witnesses, and undertaking meticulous trial preparations. The defendants and their attorneys are scared of losing the certainty of a settlement payout to an award by a jury. In short, they are terrified of losing control of the amount the must pay in compensation to an injured plaintiff. When the defendants and insurers recognize that our lawyers have the capabilities and resources to go to trial and are already going ahead with serious trial preparations, they will be more willing settle out of court.
Not every personal injury law firm has the network, financial resources, legal skills or willingness to go to trial or take on powerful insurance companies. So, your chances of recovering the largest possible damages from all the liable parties are far higher when you have our capable law firm on your side.
Our Demonstrable Record of Large Settlements and Jury Verdicts
Once the insurance company and the defendants see our track record of multi-million dollar settlements and verdicts in personal injury cases in New York, it will likely increase our negotiating power in almost every case.
Combined with our trial experience and the formidable courtroom reputation of our New York personal injury attorney Michael S. Lamonsoff “The Bull,” our proven record of successes will usually compel the insurance company to agree to a satisfactory settlement rather than risk exposing themselves before a jury.
If you've been injured due to someone else's negligence, call the Law Offices of Michael S. Lamonsoff in New York at 212-962-1020 or reach us online to schedule your free consultation.