What Is the Formula for Figuring Out What My Case Is Worth?

Short answer: None.

Longer Answer:  I have bad news for some folks.  There is no magic formula that exists when determining the value of your personal injury case.  I certainly wish there was.  It would make my job easier.  The BIGGEST misperception by far is that one only needs to multiply their medical bills by a multiple of three.  Therefore, if they have $3000 in medical bills, their case must be worth at least $9000.  Unfortunately, that is not the formula, nor is there any magic formula for determining the value of a personal injury case.

The value of a personal injury case depends on many different factors that are too new numerous to mention in this blog entry.  It has to do with where you live, jury sentiment, the economy, your likability (yes, unlikable people who rub insurance adjusters the wrong way don’t do as well).  Suffice it to say there is no magic formula or secret recipe of any sort when it comes to determining the value of a personal injury case.  Some factors, however, can influence the amount.  Those include the severity of the impact, how bad the pictures look, the severity of the injury, the age of the individual, whether or not there were any lost earnings, whether or not the client will continue to suffer from the injury, and whether or not there was any residual injury and how long that injury might last. There are many other factors, but please know there is no magic formula.

For a longer discussion of what goes into valuing your personal injury or accident case, visit our library page.