Personal Injury Law
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Generally, you look at a settlement amount from two main aspects: (1) medical bills and (2) lost wages. From a starting point, most PI attorneys will demand 3-4 times these amounts as an initial demand and then negotiate downward until settlement is reached.
There's no real science to it....you just make a demand on what you would be willing to accept, and stick to the numbers based on what you think your chances at trial would be in the event that you can't settle. In other words, if you believe that there's no question about liability, you can be more confident in your numbers and not budging as fast as you would if you think the case has some questions or issues that could cut against you.