The key to making a decent living (and maintaining sanity) as a plaintiff's lawyer is knowing when to turn a case down.
Our law firm’s work usually comes from other lawyers. These lawyers often have a conflict or have an inquiry about a case in an area outside their expertise. Most frequently, however, the referring lawyer has a case that will require the investment of either a considerable sum of money or time and the risk of loss of represents too great of a risk for them to handle the case on their own.
We recently turned down a case for one lawyer because we did not think it could be won. He was disappointed--the damages in the potential case are huge and the clients are wonderful people. But I did not think that the case could be won even one out of ten times before a jury. The referring lawyer thought we should be more aggressive, more willing to assume risk. I went off on a gentle rant with him; that rant gave rise to an entry in my blog (www.dayontorts.com) and, now, an expansion of those ideas are set forth in this paper.
As plaintiffs’ lawyers, we are in the risk business. We work for free -- unless we win. We advance the costs -- sometimes hundreds of thousands of dollars in a single case--and don't get it back unless we win. If you are not willing to accept some risk, you need to do something else.
I am not risk-adverse. That being said, I don't play blackjack, I don't shoot craps, and I don't play poker. I am a plaintiffs’ lawyer. Simply put, gambling is my vocation, not my avocation. I like a little more control over the outcome of any event other than the flip of a card or a roll of the dice.
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