Join Early Retirement Today
Thread Tools Search this Thread Display Modes
injury law firms of those TV ads
Old 11-01-2015, 09:44 AM   #1
Thinks s/he gets paid by the post
Join Date: Nov 2011
Posts: 1,727
injury law firms of those TV ads

Among those countless ads from law offices for "if you or a loved one were injured by this medical item, call us" one may fit a family member who died. Given the heavy advertising, I speculate most such claims generate more funds for the law firm than the client, and might also preclude a client from a more thoughtfully administered claim. Has anyone filed a medical claim via one of these frequently advertised law firms? Did it work out acceptably?

GrayHare is online now   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 11-01-2015, 10:20 AM   #2
Thinks s/he gets paid by the post
zinger1457's Avatar
Join Date: Jul 2007
Posts: 1,082
No personal experience but was watching a recent 'American Greed' episode about one such lawyer. He was a good lawyer and won many cases, taking 40% of the settlement. Apparently that wasn't good enough, he told his clients that he was also a financial adviser and convinced many of them to invest their settlements with him. He was running a ponzi scheme, he would send them a small monthly check but most of their settlement went into his pocket, stole millions of dollars from his clients.

zinger1457 is offline   Reply With Quote
Old 11-01-2015, 12:58 PM   #3
Moderator Emeritus
Bestwifeever's Avatar
Join Date: Sep 2007
Posts: 15,369
Sorry for your loss.

You could also consult with a personal injury lawyer, not the tv lawyer, to see if there is a case and if you really want to go forward with it.
Go Cubs
Bestwifeever is offline   Reply With Quote
Old 11-01-2015, 01:09 PM   #4
Thinks s/he gets paid by the post
Join Date: May 2014
Posts: 1,885
I agree- if it's a valid case, most will take it "on contingency", meaning they get paid only if they win. (They can then get 30-40% of the settlement.)

Not sure what your best course is if it's a class action, where a large group of plaintiffs is assembled and one giant lawsuit is filed. I've been part of a few of them relating to securities and credit card overcharges and I don't think I've gotten an "award" over $20. If you join the class action, you get whatever they negotiate. You can opt out and file your own suit and get what YOU negotiate but only a good (and ethical) lawyer can tell you whether or not it's a good idea for you.
athena53 is offline   Reply With Quote
Old 11-01-2015, 01:15 PM   #5
Thinks s/he gets paid by the post
Sunset's Avatar
Join Date: Jul 2014
Location: Chicago
Posts: 2,626
many of those tv ads are not done by lawyers, but are referral agencies that get paid to refer a client.

The lawyers take a larger % in order to pay the referrals, or they are lousy lawyers that are desperate for the business, either way the client pays.

But it's a lot of work to research lawyers who have handled specific types of claims and similar ones, then find out their success rate.
Sunset is offline   Reply With Quote
Old 11-01-2015, 01:52 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
harley's Avatar
Join Date: May 2008
Location: Following the nice weather
Posts: 5,778
I like the billboard ad I see out near the Chesapeake Bay. "If you've been wrongfully injured, we'll make it right!" I keep wondering how they'll make you rightfully injured.
"Good judgment comes from experience. Experience comes from bad judgement." - Will Rogers
DW and I - FIREd at 50 (7/06), living off assets
harley is online now   Reply With Quote
Old 11-01-2015, 04:49 PM   #7
Thinks s/he gets paid by the post
ExFlyBoy5's Avatar
Join Date: May 2013
Posts: 1,347
Most of the big ads you see for meds and such are class action suits. It's a quick (well, quicker) way to get $$$ from the offending party in most cases. You can always try and take it to trial, but it takes lots of time and money.

Founder and Head Lounger @ The Life of Leisure Institute
Retired in 2014 @ The Ripe Age of 40.
ExFlyBoy5 is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Article on laid off brokers and other firms hiring them Texas Proud FIRE and Money 21 02-11-2011 06:33 AM
U.S. cuts pay at bailed out firms Surfdaddy FIRE and Money 64 10-27-2009 08:04 AM
Any Top Bond Fund Firms or Newsletters? Dennis FIRE and Money 0 05-18-2009 06:38 AM
Asset Allocation--Int'l Exposure via US Firms RetireeRobert FIRE and Money 5 11-15-2007 12:11 PM


All times are GMT -6. The time now is 10:15 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2016, vBulletin Solutions, Inc.