How a Case Evaluation Committee Could Double Your Average Settlement
Managing Partner at Dudley DeBosier Injury Lawyers
President at Intake Conversion Experts
EVP & Head of Corporate Development at Esquire Bank
Putting a dollar value on a case isn’t an exact science. Even when presented with the same facts, each attorney’s valuation of a case varies depending on their experience and risk tolerance. One attorney could value a case at $70,000 simply because their risk tolerance is lower, and they are comparing it to previous cases with similar parameters. However, an attorney with a higher risk tolerance may value the same case at $150,000 because they see that there’s additional workup which can be done to exponentially increase the settlement value.
Having a Case Evaluation Committee where the attorney with the highest risk tolerance consults and sets the case value for the firm’s cases could help to quickly grow your revenues.