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You should be disbarred solely for even remotely thinking this is fine.
Wow, ease up there turbo. We have all thought the same thing
Big money requires actual skillful litigation. I earn about $500K a year at my firm. Attorneys who churn and burn earn about $150K. If $150K is sufficient for you, churn and burn.
I’m a senior associate at a busy PI firm at my busiest I’d take 10 verdicts a year now post COVID probably down to 2-3.. all in all I have about 85+ verdicts over the last 20 years, though not a partner, I earn 305k base and about 40-50 in bonuses.
A lot if you want to make a lot of money. Or you could be one of those hacks that just concentrates on getting cases and screws them all up and settles them for pennies on the dollar. You’ll probably make a lot of money before you’re disbarred
Assuming you somehow can get a steady stream of clients in the door (major assumption), and you will only handle cases that are in pre-litigation, you can make a ton. If you can’t settle the case pre-lit, you refer it out to another attorney, and your overhead is low. There is almost zero law practice in the pre-litigation stage.
there’s more to pre-lit than “sending adjuster emails to try to settle.” a good pre-lit atty or claims manager sets up coverage, sends letters of representation, refers for treatment, stays on top until treatment is done, prepares settlement package, etc. you should not be limiting yourself to pre-lit or lit. you should have it all under one roof, because doing all this stuff for $1.5k as 1/3 of 1/3 on a $15k policy is nonsensical.
Rising Star
@waldon defense lawyer
Not only is that somewhat underhanded,
(in my state the professional rules actively encourage plaintiffs lawyers to refer clients for treatment)
but I also think it is extremely ineffective if the Plaintiff's lawyer is referring a client for legitimate reasons. E.g. a lot of my clients will go to the chiropractor and get treatment but don't know what to do if they simply won't get better. Many chiropractors don't have clients get MRIs or refer them to Orthopedic Surgeons and spinal/shoulder injuries that are quite serious get written off as an unhappy person.
There's a few injuries which I personally have noticed go completely undiagnosed and get written off as the client being a curmudgeon, when in fact these are injuries that require surgical intervention and cannot be seen unless very specific MRI views are obtained.
I agree remotely is the best. Next you make more off the settlement by not having to pay for experts if you have a legal nurse consultant/nurse paralegal. Your idea is to settle out of court then this will help you know how it will go Going to court can cost $1500/hr. I am not that expensive. Also malpractice in nursing home can be good income. Accepting plaintiff as well as defendant makes you flexible. Of course not the same case. I am reachable if you want to talk. My email address is lydia.meyers317@gmail.com
Partner 1 I did and have posted it on social media. Thank you for the advice
Pre-lit is before filing the lawsuit?
Yes, pre-lit is sending a scary letter and trying to settle prior to filing a lawsuit. Then you have "litigation" after the lawsuit is filed. Then you potentially have trial.
I’ve been practicing since October.
I have recovered 150k between $15-25k policies. No opposing attorneys involved. Probably 30 emails to insurance adjusters and 50 to medical providers/ lien holders.
My partner on the other hand loves litigation, so anything I can’t get done with an adjuster we’ll file suit on and he can take over.
There’s a VERY well known IG Lawyer I am friends with, he keeps the cases til 90 days until prescription/ statute of limitations then gives it to a litigation firm and gets 1/3% of attorney fee.
If you find a firm that will do this sort of agreement with you, the amount of money you can make it capped by how many cases you can generate.
Did u find that unrelated field helped you get clients? I have 25k and my niche is law school content. Wondering if that would translate