The Mediation Chart

My Mediation Chart #lawyer #law #court #attorney #personalinjurylawyer

[VPCh.]

I'm guessing there is also a game of trying to convince the other side that the chart is higher than your actual chart.
For example if your acceptance range is more than $8m, you might want them to think it was $10m so they can feel like they won by agreeing on $9m.
Which probably explains why so many settlements are not disclosed, so the lawyers or companies involved don't show their hand for future cases.

[maro]

Just wait till they offer you $10, 000
"Best offer I can do you my friend"

[Quincyishidaawesome]

Watching these videos and hearing how much you care about getting the best results for your clients actually puts my mind at ease a bit if I ever have an accident

[davidasbury]

As a defense attorney, we have the exact same chart for mediation but opposite. We have our top dollar amount and any demand over that is a flat no, usually that's the amount of authority we came to mediation with. We don't want to settle at that amount though because we want to show that we got our client value. Then we have the range in which we are okay with settling at, his yellow. And then we have low range that we would of course settle at but likely just can't get there depending on the plaintiffs counsel.

[rileythatcher]

As a relatively poor individual that’s an unfathomable amount of money. Any lawsuit I’m in will not settle for that much hahaha.

[benmama]

Man I wish you were my mom's lawyer. She had a stroke in 2013 which the doctors took days to diagnose when strokes need treatment in hours to recover from.

2020 rolls around and we finally get a settlement offer and while it was fine, part of the issue was the lawyer we worked with gave us a bit of a false idea of how much it was worth and by the end said that settlement was gonna be our best number and I still wonder to this day if it actually was good or not

[boskee]

Thanks. We were thinking about settling with you for 15 mil, but we now understand 8 mil will do!

[kin]

After law by Mike fell off the deep end you’ve been the only YouTube lawyer named Mike giving me consistently great advice 😅

[judalove]

❤I really appreciate having someone familiar with law becoming part of my daily knowledge

[xbar]

My dad just went through a 3 year process of suing a company for a slip & fall at work. He was prepared to bring it to court but his lawyers told him repeatedly that 99% of cases settle out of court. & when it came time for mediation his lawyers essentially made him do all the talking & figuring the numbers. They never once gave him an estimate for his case & simply stated “slip & falls are hard to prove in court”.

[HildeTheOkayish]

honestly this could work for so many things. its nice to have to limit your attention to a small subsection of the issue rather then going for perfection at every point in the process. yeah sure you may get an even better outcome if you keep pushing, or it may get worse. and regardless you are prolonging an stressful situation.

[Ramboost]

"Best I can do is $12"
"SETTLE!"

[noladol]

"I can do 8 million, but 7 million is too low." Ok...

[kevinlj]

This was a really interesting way to understand the decision making process. Cool!

[navalsealsnipersports]

It’s good to go in with a plan so you don’t get hypnotized by “too much money” or lulled into “not enough money”

[jaket]

Wish we could've had you as our lawyer when my sister got hit by a speeding driver.

[misschicka]

Funny thing about people saying, "I don't need a lawyer" or "You don't need a lawyer" is that you do need lawyers but you need them for specific situations that is sometimes the second to the last resort.

For marriages, you need lawyers to construct a sound pre-nup.

For employee contracts, wills and trusts, you need lawyers to customise those documents in the way you need them to protect yourself and your assets.

For divorces without a pre-nup, yep you'll need a lawyer.

For criminal charges, yep you'll need lawyer.

For civil suits against you or your business, yes you'll need a lawyer.

But for creating lawsuits, you'll need a lawyer too but if and only if there's a suit worthy to be filed.

This is Rafi's domain.

If you have a business, you'll brush up next to lawyers and will need their jurisprudence knowledge, strategy brains, and Shinobi tongues some of the time.

If you don't have a business, never married or got married and stayed married, not a criminal or an disliked person, and not particularly clumsy or have extremely bad luck you will probably never need a lawyer or even see one.

Plus on that if you're poor or you live in the middle of nowhere where one gun is named "law" and the other is named "order" and mostly everybody you know is related.

But if you own things, big ticket things not on a lien/loan, you have a business, you're looking to get married and you make high 5 figures or in 6 figures, you're about to get divorced and you have assets, children, and money, you committed a crime, or someone says you hurt them in some way and sued you, or by some chance you had bad luck and a fridge landed on you in a store etc then yes..yes you need a lawyer.

But that's hella specific and doesn't mean everyone will seek the services of a lawyer.

Lawyers are kinda like surgeons. You need them, but you only need surgeon when something internally needs to get fixed and not just to prescribe you medication and be on your way.

But anyone saying they "don't need a lawyer" is terribly misinformed and will be most likely looking for one soon.

[paulsmith]

Opposing counsel is Rick Harrison - "I'll offer $500. I'm taking all of the risk here.".

[ogzombiebreakfast]

This is honestly just a great idea for going in to make big purchasing decisions with your spouse. Like, buying a car.

[harrisphera]

I assume these numbers vary depending on the situation. Like sometimes the green is 8 mil sometimes it’s only 1 mil?