The Economics of Everyday Things

37. Personal Injury Lawyers

4 snips
Feb 19, 2024
Three legal experts, including a personal injury lawyer, a law professor, and a legal entrepreneur, delve into the world of personal injury law. They discuss the impact of marketing on law firms, the intricacies of settlements, financial aspects of the industry, evolution of legal advertising, and competitive tactics used by law firms to attract clients.
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ANECDOTE

Shatner's New Role

  • William Shatner, a famous actor, appears in commercials for personal injury law firms.
  • He's known for his role as Captain Kirk but now acts as a spokesman.
INSIGHT

Introducing Jason Abraham

  • Jason Abraham leads Hupey and Abraham, a major Midwest personal injury law firm.
  • He's recovered over a billion dollars for 70,000 clients in 30 years.
INSIGHT

Settlement Calculation

  • The common belief that personal injury settlements triple medical bills is inaccurate.
  • Insurance companies use programs like Colossus, considering various factors to determine payouts.
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