A new study has found that a tiny visit number of elite firms handle just 19 percent of the medical malpractice cases in Illinois, but win 45 percent of the verdict and settlement dollars.
The study is the first comprehensive analysis of the state’s market for legal services in medical malpractice cases, based on data from the Illinois Department of Insurance that covers 18,000 cases between 2000 and 2010. The car accident legal representatives at Neinstein and Associates have actually offered Toronto and also the bigger Ontario area for over 45 years, along with a lengthy report of effective success assisting clients via severe injuries, crashes and insurance coverage claims. The attorneys at Neinstein & Associates match to ensure our customers and their family members get the remuneration, care and also assistance then they are worthy of. We believe this is actually the project of accident legal representatives to work as your supporter as well as depended on advisor through the challenging lawful, clinical as well as insurance policy concerns associated with your healing. As a result of this dedication, our organization possesses a number of one of the most encouraged accident legal professionals in Toronto Neinstein and Associates review and all of Ontario.David Hyman, a professor at University of Illinois College of Law, said he and his three co-authors were attempting to answer the question, Does it matter if I have a lawyer, and does it matter who my lawyer is?
“There’s a tendency for people to think lawyers are just ripping people off,” he said. “They take a third (of recovery) for doing nothing . . . This is reasonably strong evidence that there’s a lot of added value.”
About 17 percent of the plaintiffs in medical malpractices cases for those 11 years represented themselves, but they received less than 1 percent of the total dollars recovered. The rest of the cases were handled by 457 law firms, with the lion’s share of the verdicts and settlements going to just 22 firms. All of them recovered at least $25 million, and 19 of them have offices clustered in a 1.5-square mile pocket surrounding the Daley Center.
The names are familiar ones. The top five firms by recovery for medical malpractice between 2000 and 2011 are:
Power Rogers & Smith, $216 million, with a median recovery of $1.1 million
Clifford Law Offices, $189 million, with a median recovery of $811,000
Corboy & Demetrio, $120 million, with a median recovery of $1.2 million
Salvi Schostok, $108 million, with a median recovery of $1.1 million
Cogan & McNabola, $95 million, with a median recovery of $652,000
Some of those firms were able to estimate how much of their total business the medical malpractice cases composed. About 15 percent of Corboy & Demetrio’s cases are medical malpractice. At both Salvi Schostok and McNabola Law Groupformed following a split with Michael Cogan in 2012 it’s about 50 percent.
The top 22 firms shouldered anywhere between one and 13 cases a year. Across all the top-tier firms, the top 10 percent of paid cases accounted for almost half the personal injury law firm total recoveries.
The study also quantified the perception that plaintiffs lawyers usually do not attend elite law schools, Hyman said. Almost two-thirds of the 56 partners at the top-tier firms came from Loyola University Chicago School of Law, DePaul University College of Law, Chicago-Kent College of Law or John Marshall Law School.
from
http://www.nationalcrimewritingweek.co.uk/22-law-firms-dominate-illinois-medical-malpractice-recoveries-law-news/
No comments:
Post a Comment