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. Demand for personal injury lawyers exists regardless of the economic climate, and the industry weathered the recession well. Over the five years to 2020, medical malpractice suits will likely become more common, as the US population ages. The increasing popularity of structured settlements, which enable 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 Locations Chapter
Personal injury lawyers operate in regional markets. People throughout the United States are exposed to injuries that may result in litigation, generating demand for personal injury litigation services. As a result, the industry's firms are spread out along the lines of the population.
Industry operators benefit from locating near urban municipalities, as they are more able to generate elevated client volumes in these areas... purchase to read more