re: How much does an "average" Car Accident Lawyer in Louisiana make per year?

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Car Accident Lawyer in Louisiana

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#1 Hire five overweight unemployed turds.

Turd #1 (with 3 other turds in car) pulls out in front of a soccer mom driving a Mercedes, slams on breaks, soccer mom hits car, Turd #5 then plows into soccer mom's car.

All five get out complaining of back/neck injuries.

Lawyer sues insurance company X 5 - $20,000 undisputed = 100K/ Lawyer takes 30% PROFIT

Repeat

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You can tell the ones who are single because they have the billboards that no wife would let them put up

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There's one goober who looks like he took his pic with a flip phone, wearing a dark suit and black shirt with a pair of sunglasses.

It's obvious he's a badass and scares other attorneys.

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why are they squeezing out the mid level attorneys?

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It's not the mid-level attorneys. It's the mid-size firms who may not specialize in PI.

I summarized it somewhat crudely in the prior comment:

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You're either in a huge advertising firm, running on fumes from legacy clients/referrals, or you're out.

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Also, funny enough, I kind of summarized this last night in a random poli board thread, after someone said I wasn't a good enough lawyer to get contingency cases ( )

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No that's largely a matter of luck and the landscape has changed too much which makes that much more of an extreme outlier unless you're one of the big advertising firms (who changed the landscape). The market for PI, generally, outside of the major advertisers, is dead. The marketing firms behind it have it down to a science and they have the discounts for major ad/board buys, and the barrier to entry is just too high.

I got out of PI years ago when the writing was on the wall. It's basically lighting money on fire for most attorneys, and many still don't understand that hoping for the white whale.

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So when I first got into the industry in 2008-2009, you still had a lot of local firms who did Family, Criminal, Bankruptcy, etc. but could also have a decent PI business. Or you'd have smaller "legacy" PI firms who built their network and client base back in the 70s-90s "The old way". Not huge firms, and they wouldn't make bank unless a death case rolled in that year, but you could sustain a decent living WITHOUT major advertising. Maybe a billboard or sponsoring local teams or buying ads in the local paper, etc.

The big advertising firms have gotten advertising PI down to a science. What to say, how to say it, the graphics, the logos, the geographic targeting of ads, the timing of those ads, etc. You have to invest MASSIVE amounts of money into not just advertising, but the right kind of advertising, to get the clients now. And those firms have moved into areas like where I am at (Lake Charles) in a big way the past 10 years or so.

The clients of those "middle class" firms who used to get 20 PI cases a year aren't even thought of by their own clients now and may get 3-5. This also severely decreases the "luck" in getting the big cases that really push the margins.

The most expensive google advertising is PI for a reason.

The sad stories are those middle class firms who don't have the ability to invest in $100k+/mo in advertising who do invest $25k/mo for a while, thinking they can catch up who end up bankrupting their firm.

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Actually, the people who run your case are former insurance adjusters hired by these firms. They’re the ones who mostly deal with the clients. The lawyers essentially do whatever court hearings are needed and conduct the depositions, if needed.

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Isn't that what they disbarred E for?

Thanks for the explanation.

So essentially its near impossible to break into that business now. What did you move into? I have seen your comments previous about how attorney's need to be extremely nervous about AI.

I always found law fascinating. Even considered getting law degree on top of my medical to see what i could do with that lol.

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hey hire a bunch of junior associates and they don’t make as much as you would think.

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This, if you are just another cog in the machine at Morris Bart, Gordon, etc, you aren’t making shite. The ones who go out in their own do far better.