Summary
In part two of this Q&A series, Zinda Law Group CEO and founder Jack Zinda answers your questions about trial vs. Settlement, budgeting & legal myths.
Discussed in this Episode:
- Trial vs. settlement strategy
- Budgeting for growth
- Biggest legal myth
Trial vs. Settlement Strategy
“How do you decide when to push for trial versus taking a strong settlement offer?” - Most offers never leave the table, so don’t be afraid that the money will be reduced if you choose to go to trial. Be realistic and ask yourself if the initial offer is as much or more than a jury would award to your client. Would that amount of money make a meaningful difference in your client’s life? If going to trial is something the client wants, make sure to explain the risks involved and additional case expenses that can be incurred.
Budgeting for Growth
“What percentage of my revenue should be reinvested into marketing and operations?” - “First, you have to know where you’re going if you’re going to get there.” Jack lays out how Zinda Law makes marketing decisions and how you can decide what’s best for you. If you’re unsure how to make the numbers work, don’t hesitate to ask someone or hire a professional to lay the map out for you.
Biggest Legal Myth
“What’s the biggest misconception people have about personal injury law?” - “What we do is easy.” If it were easy, everyone would do it. That’s what makes personal injury lawyers so important. “What does working with clients in a personal injury case mean?” Jack talks about psychodramas and their importance to understanding the complexities of your client’s life. “How much money do personal injury lawyers make?” Just because you see large numbers on billboards doesn’t mean that that money gets paid out. A plaintiff lawyer can get a large verdict, but no actual dollar value is exchanged if the defendant can’t pay it.
You can reach Jack at:
512-246-2224
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