The Facts On Personal Injury Case Settlements

THE FACTS ON PERSON AL - INJURY - CASE SETTLEMENTS 18-24 MONTHS 297 18-24 MONTHS DAYS On average, a civil lawsuit takes between The average length of time that a legal No fewer than 896,000 legal claims are in the 18 to 24 months for a claim remains in the verdict to be reached. pre-settlement mode is 297 days. pre-settlement phase at one time in Payment often takes place months after the case closes. the United States. PERCENT OF PERSONAL INJURY CASES IN THE U.S. THAT ARE SETTLED PRETRIAL VS. GOING TO TRIAL 4-5% 95-96% • Personal injury cases that are settled pretrial • Personal injury cases that go to trial Litigation funding can be used by the plaintiff to pay day-to-day expenses, like rent, utilities, groceries and other living expenses. Industry statistics show that 62% of settlement advances are used to stop foreclosure or eviction actions. Without litigation funding, many plaintiffs would find themselves homeless, have to pull their children out of college, or have their vehicles repossessed. 62% In 2013, the average auto liability claim for property damage was In 2013, the average auto liability claim for bodily injury was $3,231 $15,443 is awarded on average in a $50,000 punitive damage lawsuit. 20% of federal trials by damage claims are motor vehicle collisions. 13% 10% of federal trials by damage claims are products liability cases. of federal trials by damage claims are medical malpractice cases. SOURCES: courts.ca.gov/cms/rules/index.cfm?title=standards&linkid=standard2 2 glofin.com/#/pre-settlement-loan thelawdictionary.org/article/pre-trial-settlement-percentage-statistics-on-personal-injury-settlements usclaims.com/faq rmiia.org/auto/traffic_safety/Cost_of_crashes.asp statisticbrain.com/civil-lawsuit-statistics BROUGHT TO YOU BY: ** CASH www.starstarcash.com