Best Car Accident Lawyers in Albuquerque, NM

Many injury claims are resolved without going to trial. Our attorneys at Parnall Law Firm are skilled negotiators and will try to negotiate a fair settlement with the insurance company and avoid the expense and uncertainty of a trial. However, if the insurance company refuses to agree to a reasonable settlement, it may be necessary to go to court to seek justice. Taking your case to court typically involves more expenses than settling the case out of court. Gathering evidence and preparing for a trial will incur certain kinds of expenses including court filing fees, the cost of depositions, investigation costs, administrative costs, hiring expert witnesses, travel expenses for expert witnesses and preparing trial exhibits. These expenses can be significant in a complex personal injury case. Parnall Law Firm will advance the cost of the expenses. The expense will then be subtracted from the final settlement or jury award at the end of the case.

In the broadest sense, the amount that your personal injury case is worth depends on numerous factors including how the accident occurred, how many parties were at fault, the severity of your injuries and the insurance policies available to provide compensation. Each case has factors that make it unique. The damages you may seek will be the sum of all expenses and losses that you have incurred. The most significant factors in determining how much your case is worth will be the extent of your medical bills, income loss, and other expenses, along with the pain and suffering you have experienced. Another important factor is how or why the accident happened, and whether the at-fault party was acting recklessly or intentionally, or merely negligently.

The simplest way to calculate a reasonable settlement is to add up your economic damages. First, look at medical bills, car repair bills, and other receipts to add up all the money you have paid because of your injury. This can include expenses you might not think of, such as transportation to and from the hospital. If you expect to have ongoing medical expenses related to the injury, these costs should be included as well. Add this to the amount of wages you have lost by taking time off work to recover and the amount of any vacation or sick leave you had to use. The sum is your economic damages. Next, try to make a realistic assessment of your pain and suffering on a scale of 1 to 5. Multiply the economic damages by this number. This is an estimate of your noneconomic damages. Add your economic and noneconomic damages together for an estimate of your settlement.

If you have been injured and are considering whether to file a personal injury lawsuit, you may have questions about how long the case will take to resolve and how quickly you may get compensation for your injuries. That can be a pressing question, particularly if you cannot work and are experiencing financial stress after a car accident or other personal injury accident. People who contact Parnall Law frequently ask how long it will take to negotiate a settlement of their personal injury claim. Insurance companies will press for a quick settlement and try to pay you much less than you deserve. Attorney Bert Parnall and the legal team at Parnall Law have helped thousands of people in Albuquerque and Central New Mexico negotiate fair settlements of their injury claims. Over the decades, Parnall Law has obtained more than $40 million for clients through settlements and jury awards. Our goal is to pursue full compensation to help our clients move forward with their lives. An attorney at Parnall Law is available to review the details of your accident and answer your questions. Each case has unique factors that affect how long it will take to resolve.

The bottom line is that multiple factors affect how long a case will take to settle. Anyone who tells you your car accident claim or personal injury case can be settled in a certain amount of time or for a certain amount of money should be viewed with skepticism. Lawsuit settlement negotiations are unpredictable.