With the economic downtown, many law students and aspiring personal injury lawyers are wondering if still going to law school to for a law license to practice accident and injury representation is still worth the huge student loans, time and effort to hone your skills and the pain and pan and commitment it takes to acquire and keep clients.
Granted, this was not always the case. Back in the 80’s having a personal injury law practice was quite profitable. Then, settling a simple car accident case or slip and fall case with the insurance company was no big deal. Then insurance companies and claim adjusters paid out claims easily. A simple threat of a lawsuit would have sent them running to pay out a settlement. Then accident lawyers did not have to work so hard at it.
Fast forward to the 2000s. Most personal injury attorneys, such as an Atlanta personal injury lawyer, now have to sweat more for their cases. They now fight with adjusters who are offering pennies for soft – tissue injury cases and who are not perturbed by a threat of a lawsuit because the insurance companies now know, or at least believe it is worth more to pay for a claim defense than for compensation. This is even forcing a lot of accident attorneys and law firms to consider other areas of practice.