Quote:
Originally Posted by Dave D
Get that money.
How long from start to finish?
Interestingly I was told med mal really not worth it here unless case worth at least $150K here. Too expensive to get Drs and insurance fights too much.
Yes sir!
I got the case in June, so 5 months? Fwiw, it's not very complicated, and it's a dental case, so our only records were the GP and the Oral Surgeons (2).
Also, my partner's relative is one of the top oral surgeons in the world, so he was able to give us some insight for free. Our costs on the case were pretty barebones.
16k, to put into perspective, is like 4 months pay for me lol. I know for the BIGlaw guys here, that's nothing special, but for a small GP just out of law school, feels like millions.
As far as the medmal, idk, that could very well be true. My mentor does medmal/PI only, routinely bringing in 1 million+ verdicts every year, but he's been practicing 40+ years. His costs on some of the million dollar cases can easily run 50k, but I've seen as high as 120k. Definitely need a huge war chest to fund them, and the insurance companies know that as well, so they'll just use their resources to bury you.
I think mathematically, at some point, it just doesn't make sense clearly. Like, 100k case with 20k of expenses + you only get 40%, so spend 20 for a chance at 40? Probably not worth the risk.
And don't even get me started on rural counties. Good luck ever convincing John Doe rural voter that a med mal case is valid. So, you have that added risk at trial imo.