Know the Money Average if you want More Money. You want to know how much Money a lawyer usually gets Over the first insurance offer. E.g., Insurance offers $10,000, lawyer gets you $40,000. This is the best way to judge the performance of an injury lawyer. The insurance company gives an initial case value (Offer). Then, your lawyer works to negotiate a higher amount (Money Over Insurance Average). The bigger the Money Average the better.
It’s all about the money. Let’s face it. The reason you would work with a lawyer is to get more money than you could get without the lawyer. Law firms know this. Law firms track dozens of numbers that relate to the performance of the law firm and each of their lawyers.
Common things a law firm tracks:
- Cost Per Click
- Click Through Rate
- Website Conversion Rate
- Adwords Score
- Online Ad Impressions
- TV/ Billboard Impressions
- TV Points
- Share of Market
- Cost Per Lead
- Cost Per Lead by Case Type
- Cost Per Case
- Cost Per Case Kept
- Unique Visitors
- Bounce Rate
- Number of #1 Rankings
- Number of SERP gains
- Google Map Rankings
- Total Ad Spend
- Ad Spend by Media
- Ad Spend % of Revenue
- Cost Per Acquisition by Media
- Average Age of Client
- Sign up Days from Accident
- Sign up from First Contact
- Number of Chase Follow Up Points
- Intake Overall Conversion Rate
- Intake Conversion Rate of Wanted Cases
- % of Each Type of Case (MVA, Slip & Fall, etc)
- Number of Phone Calls
- Calls Handled Per Intake
- Avg Duration of the Call
- Cost Per Hire
- Years Employed at Law Firm
- Years of Experience
- Number of Employees
- Numbers of Lawyers
- Hourly Rate of Pay
- % of Fee Paid to Lawyer
- Number of Cases Per Lawyer
- Number of Client Contacts
- Lawyer Hours Per Case File
- Avg Lawyer Hours Per Case by Lawyer
- Avg Lawyer Hours Per Case by Law Firm
- Closed Without Recovery
- % of Dropped Cases
- % of Clients Lost
- Cases with No Insurance
- Cases with Fraud
- Gaps in Treatment
- Treatment Completion
- Number of Demand Letters
- Types of Injuries on Case
- Injuries and Avg Settlement
- Past Cases and Past Legal Tactics
- Average Days to Settle
- % Cases Litigated
- % Cases to Trial
- Record Settlements
- % of Case With Full Policy Limit Settlement
- Settlement % of Policy Limit
- Success Rate
- Number of Reviews
- Number of 5 Star Reviews
- Total Settlements of Lawyer
- Total Settlements of Law Firm
- Average Settlement
- Average Fee to Law Firm
- Average Fee to Law Firm by Case Type
- Avg. Fee Per Lawyer
- Avg Fee Per Lawyer by Case Type
- Insurance Initial Offer
- Insurance Final Offer before Trial
- Money Over Insurance Average for Law Firm
- Money Over Insurance Average per Lawyer
Law firms track over 70 different performance numbers including the money performance Law firms know how each lawyer performs. They know who is the bankster lawyer of the firm getting the most money over insurance.
Before you sign, Know the Money Average. This lawyer went to a fancy law school… cool. Big settlement for somebody else…so? Good hair…don’t care. What’s the Money Average?
If you want more money from your case, you want a lawyer with a high money over insurance average.