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If I could do it all over again, I'd be a personal injury attorney

Posted on 2/19/19 at 1:05 pm
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41538 posts
Posted on 2/19/19 at 1:05 pm
Those guys must make a killing in a state like Louisiana. Think about it for a moment.

Minimum liability requirement in Louisiana is $15,000. Literally 90% of drivers on the road are looking at their phone while driving and a large number of them are slamming into the back of people at stop lights, intersections, etc.. If you've ever been rear ended, you know it doesn't take much to actually make you sore and hurt for a while afterwards and that's just from minor accidents. Think of how many car accidents result in broken bones, lacerations, torn ligaments/tendons, etc..

A person who goes to the doctor and has just soft tissue injuries that gets them referred to therapy for 3-4 weeks is usually going to end up exhausting the other guy's minimum liability limits if they get a lawyer who knows the ins and outs of the law.

$15,000 x 33% is $4,950 and that's assuming 100% of your stand-up, productive members of society clients just have minor injuries AND the other guy only has minimum coverage.

Now lets assume you're in a city like Baton Rouge and gain probably 3 new clients a week. That's 4,950x3 = $14,850 a week, on average, once all those cases begin to be settled. $772,200 a year would be enough to make me want to work with the lowest denominator of society for a living.

Am I wrong here? I'm ignorant to the personal injury law field so I could be completely missing something but my goodness I chose the wrong field to go into. I know we have more than a few resident OT lawyers who post here so tell me if I'm missing something here. Tell me why I shouldn't go to law school.
Posted by airlinehwypanhandler
Airline Highway
Member since Feb 2019
2130 posts
Posted on 2/19/19 at 1:07 pm to
I bet they make a killing in Las Vegas. I was in Las Vegas a few weeks ago and that's all I saw for commercials on TV and on the radio.

I still even remember one of the jingles:

Attorney Glen Lerner is the way to go
Call 8-7-7-1-5-0-0
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/19/19 at 1:08 pm to
quote:

$772,200 a year
Im assuming this is gross, not net
Posted by Fun Bunch
New Orleans
Member since May 2008
115492 posts
Posted on 2/19/19 at 1:09 pm to
quote:

$15,000 x 33% is $4,950 and that's assuming 100% of your stand-up, productive members of society clients just have minor injuries AND the other guy only has minimum coverage.


Are you under the impression that insurance companies just pay there limits regardless of circumstances or injuries?

That isn't the case, at all.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41538 posts
Posted on 2/19/19 at 1:09 pm to
quote:

Call 8-7-7-1-5-0-0

I sang this to the same tune Spencer Callahan uses for his phone number. "Call 387 2323"

Say what you want but jingles freaking work.
Posted by Not Cooper
Member since Jun 2015
4676 posts
Posted on 2/19/19 at 1:09 pm to
quote:

Im assuming this is gross, not net

Barely above OT Poverty level - which is why Personal Injury attourneys are despised here. Poors.
Posted by jackmanusc
Columbia, SC
Member since Apr 2012
3947 posts
Posted on 2/19/19 at 1:09 pm to
You're missing the huge advertising costs to keep volume up.
Posted by Traveler
I'm not late-I'm early for tomorrow
Member since Sep 2003
24255 posts
Posted on 2/19/19 at 1:10 pm to
I guess some of us have personal integrity and no amount of money is worth selling yourself out to the public for the shame that goes with it.
Posted by sealawyer
Coonassganistan
Member since Nov 2012
3138 posts
Posted on 2/19/19 at 1:10 pm to
quote:

Tell me why I shouldn't go to law school.


Because the reality is you don’t want to interact with the kind of person who calls a billboard or television lawyer after a fender bender.

It’s a drain. They want loans from day one. And they are NEVER satisfied.
Posted by brian_wilson
Member since Oct 2016
3581 posts
Posted on 2/19/19 at 1:11 pm to
if you do well, you do really well as a personal injury attorney.

I have some friends that are solo or in small firms that do mostly personal injury stuff. They barely survive. And they hate it.

Hell I know a ton of lawyers and I have to say they generally hate the law. I can only think of two lawyer friends that truly love the law. Most of them feel conned about becoming a lawyer.
Posted by cas4t
Member since Jan 2010
70891 posts
Posted on 2/19/19 at 1:13 pm to
you're not gonna get 15k for a fender bender.
Posted by boosiebadazz
Member since Feb 2008
80182 posts
Posted on 2/19/19 at 1:13 pm to
The key is getting on with an established firm where they pay the advertising and overhead and you can just practice.

If you're at a firm where the volume is there, you can turn down shitty cases and shitty clients. That's a nice place to be.

You have to learn to deal with jokes and people thinking you're scum, but if you do it right, you can really help folks who need it.
Posted by JudgeHolden
Gila River
Member since Jan 2008
18566 posts
Posted on 2/19/19 at 1:14 pm to
quote:

if you do well, you do really well as a personal injury attorney.

I have some friends that are solo or in small firms that do mostly personal injury stuff. They barely survive. And they hate it.

Hell I know a ton of lawyers and I have to say they generally hate the law. I can only think of two lawyer friends that truly love the law. Most of them feel conned about becoming a lawyer.



This nails it.
Posted by NfamousPanda
Central
Member since Jan 2016
785 posts
Posted on 2/19/19 at 1:14 pm to
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41538 posts
Posted on 2/19/19 at 1:15 pm to
quote:

NfamousPanda

You need a lawyer, baw? Looks like you've been googling some lately
Posted by TH03
Mogadishu
Member since Dec 2008
171035 posts
Posted on 2/19/19 at 1:16 pm to
You'd probably have enough time to teach your son to ride a bike.
Posted by Brightside Bengal
Old Metairie
Member since Sep 2007
3882 posts
Posted on 2/19/19 at 1:16 pm to
Personal Injury attorneys are going to be in a world of hurt when driverless vehicles start taking over in the next 5-10 years and auto accidents plummet.
Posted by TDsngumbo
Alpha Silverfox
Member since Oct 2011
41538 posts
Posted on 2/19/19 at 1:17 pm to
quote:

They want loans from day one

Do you mean this literally or figuratively?
Posted by Paddyshack
Land of the Free
Member since Sep 2015
8187 posts
Posted on 2/19/19 at 1:17 pm to
You could never be this baw
Posted by Mr. Hangover
New Orleans
Member since Sep 2003
34507 posts
Posted on 2/19/19 at 1:17 pm to
quote:

If you've ever been rear ended, you know it doesn't take much to actually make you sore and hurt for a while afterwards


Ha. GAY
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