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re: Tort reformers--welcome to your week of jury duty...
Posted on 5/18/20 at 8:56 am to JohnnyKilroy
Posted on 5/18/20 at 8:56 am to JohnnyKilroy
quote:
Insurance companies are mostly horrible about paying even legit claims, but the plaintiff bar acting all high and noble is always hilarious
There are bad actors on both sides.
Unfortunately, only one side gets to present itself as the "good guys" relative to the insurance companies.
Could you imagine State Farm or Progressive running ads directly shitting on the plaintiff's bar?
2
Posted on 5/18/20 at 8:58 am to udtiger
quote:
There are bad actors on both sides.
Absolutely.
And SFP is completely correct. Reforms need to be phased in gradually to see if any of it will even work. Stakeholders won’t even commit to a rate decrease is 100% of the measures go into effect.
Posted on 5/18/20 at 9:01 am to udtiger
i'm about to go make a grocery run but i'll give my PI spiel
running a PI mill is super easy on the legal work and more about the office management (hence why E Eric got in trouble). doing complicated PI is much heavier on the legal work, especially in litigation, which is why most PI mills have a dedicated litigation firm they go joint with
PI has consolidated itself to the extremes due to the mega advertising. it's fricked itself so much that PI advertising is the clear-cut #1 keyword for Google ads/searches. i can only imagine how badly they've warped the billboard market
PI is a huge arbitrage opportunity for the effort. if PI attorneys had to bill a reasonable rate hourly, they would make exponentially less money. it's the golden goose. the problem is that the PI mills have killed the golden goose for everyone. small firms can't compete b/c the barrier to entry is so high and they've turned off the general population with their bullshite in and outside of casework.
so, PI deserves it b/c they obviously can't regulate themselves in any sort of internal way
running a PI mill is super easy on the legal work and more about the office management (hence why E Eric got in trouble). doing complicated PI is much heavier on the legal work, especially in litigation, which is why most PI mills have a dedicated litigation firm they go joint with
PI has consolidated itself to the extremes due to the mega advertising. it's fricked itself so much that PI advertising is the clear-cut #1 keyword for Google ads/searches. i can only imagine how badly they've warped the billboard market
PI is a huge arbitrage opportunity for the effort. if PI attorneys had to bill a reasonable rate hourly, they would make exponentially less money. it's the golden goose. the problem is that the PI mills have killed the golden goose for everyone. small firms can't compete b/c the barrier to entry is so high and they've turned off the general population with their bullshite in and outside of casework.
so, PI deserves it b/c they obviously can't regulate themselves in any sort of internal way
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