Industry Analysis & Industry Trends
Personal injury claims are filed for incidents such as road traffic accidents, workplace accidents, assaults, accidents in the home, defective product-related accidents and medical malpractice. In cases where the accident was the fault of another party, the injured party may be entitled to compensation from the person whose negligence caused the injury. Demand for personal injury lawyers exists regardless of the economic climate, and the industry weathered the recession well. As the median age of the US population rises, medical malpractice suits will likely become more common, raising demand for the industry. The increasing popularity of structured settlements, which allow the negligent party to pay over a period of time rather than in one lump sum, will stabilize revenue for personal injury lawyers.... purchase to read more
Industry Report - Industry Products Chapter
Personal injury lawyers primarily handle two kinds of cases: negligence and torts (intentional acts). Cases of negligence arise when a party unintentionally causes harm and disregards others' safety. The most common grounds for a negligence case arise after a person is injured due to an auto accident, medical malpractice or improper maintenance or design. Meanwhile, there are fewer tort cases in which an intentional act, such as assault and battery, child abuse or defamation, was committed. In such cases, the lawyer often does not have to prove the intention to injure, but rather that the client was injured by the wrongful conduct of the accused. According to the National Center for State Courts, however, only 4.4% of the civil caseload consists of tort litigation... purchase to read more