How is a Personal Injury Case Valued by My Las Vegas Personal Injury Attorney?



A common question that comes up in my law practice is how a personal injury case is valued. There are many variables that go into a case valuation. Each of the main variables are discussed today.


Medical Bills. Your medical bills make up the first part of how your case is valued. Any accident related treatment you have received would be considered past medical bills and figure into the analysis. Additionally, if you have any future medical costs that have been attested to by your doctor, then those future medical costs will be part of your case valuation.
 
Lost Income. The next part of the analysis is if you have sustained any lost wages or other monetary losses. So, if you were off work due to accident related surgery, then those losses would be considered part of your past monetary loses. There must be documentation of your past lost income, which may include a letter from your employer and your prior and current tax returns. In serious cases, if your ability to work has been altered, then those future economic losses form part of the equation. In those cases, an expert economist is usually hired by your personal injury attorney, to properly calculate those future economic losses. 

Pain and Suffering. Your overall “pain and suffering” is also part of how a case is valued.  This is determined by the extent of your injuries and medical treatment. If you have only sustained a “whiplash” type of injury, then that would have a lower pain and suffering value, than if you required surgery due to your injuries. Also, if you have fully recovered from your injuries, that would have a lower pain and suffering value, than if you have ongoing pain and will require accident related medical treatment in the future.

Scars. If you were involved in a slip and fall incident and had scarring to your body, this would also be included as part of your damages. The location and size of the scar is also important. For example, scarring on your face would have a higher value than a scarring on your legs.

The above list make up the main variables that go into calculating the amount of your losses. However, each case is looked at individually by your accident attorney, as no two cases are exactly alike. 

Next time, we will discuss Release of All Claims in your Las Vegas accident and injury cases.

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