Celebrating 10 years! 2007-2017

Starting a personal injury practice.

Has anyone here done this? Based on the salary surveys I hav ericcrapton09/11/17
Its all about getting clients, every PI attorney out there i mtbislife09/11/17
If only it were that simple. You're going to need either a pauperesq09/11/17
Having worked for a PI mill I can credit the above two respo ambulancechaser201309/11/17
Another significant issue is having the cash to fund all lit nighthawk09/11/17
To a certain extent it's like any other business, you need t ambulancechaser201309/11/17
* Jordan belfort. ambulancechaser201309/11/17
ericcrapton (Sep 11, 2017 - 9:11 am)

Has anyone here done this? Based on the salary surveys I have seen, it seems like one of the few ways to earn a lot of money outside of landing a large law firm job. I'm curious what your experiences have been.

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mtbislife (Sep 11, 2017 - 10:11 am)

Its all about getting clients, every PI attorney out there is hoping against hope to land the 5 million dollar case.

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pauperesq (Sep 11, 2017 - 11:13 am)

If only it were that simple. You're going to need either a boatload of cash for advertising or a strong referral network that will funnel you potential cases. Either way, you're going to spend a lot of time separating the wheat from the chaff.

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ambulancechaser2013 (Sep 11, 2017 - 11:29 am)

Having worked for a PI mill I can credit the above two responses.

The name of the game is VOLUME. Unless of course you get the traumatic brain injury case which will NOT ever be referred to a newbie. Referalls are useless because unless you are a known quantity heavy hitter no PI attorney or any other attorney will refer you any serious cases. Think about it, unless you can maximize a verdict why would I give you a piece of a small pie I can already get myself. (Unless of course the atty is totally afraid of litigating read: try the case).

I have worked for a mill and can tell you this: you need a staff of one legal assistant to do the property damage and a receptionist. If you live in a bilingual area read: Southern California you need a Spanish speaking staff, no other way around it. That won't cost much but you need it.

A good (read smart with 2-4 years exp legal assistant) can handle 150-200 auto cases in pre-lit. You should file on max 10% of your cases and take depositions on the denied liability ones. Bottom line is PI lit is checkers not chess. 2 years of exp is generally enough for you to not commit complete malpractice. Trials are another matter.

Bottom line you need enough money to float yourself for 12-18 months. If I were you I would do PI and criminal defense, as the latter is money up front and far less paper intensive.

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nighthawk (Sep 11, 2017 - 12:07 pm)

Another significant issue is having the cash to fund all litigated-related matters. You will need expert witnesses who charge for their services and the understanding is that the attorney will frontload the cash and be paid later. You will need funding for these things. The client expects to pay nothing. As mentioned above, you will need to market yourself, primarily through targeted mailings. You will need good graphics etc., which is costly.

Also, many attorneys who start these businesses are cash-strapped and therefore use a virtual office. Conceptually, it is a great idea. However, it can hurt your business, especially when you are trying to get the best clients.

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ambulancechaser2013 (Sep 11, 2017 - 1:10 pm)

To a certain extent it's like any other business, you need to be sufficiently capitalized to make it work. Remember what Jordan Belford said was one of the mistakes he made with his second business (the meat truck delivery business) he was insufficiently capitalized.

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ambulancechaser2013 (Sep 11, 2017 - 1:10 pm)

* Jordan belfort.

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