r/LawFirm • u/BothDonut1604 • 8h ago
Personal injury lawyers and law firm owners, are you seeing a slow down in cases or more pushback from insurance companies because of inflation?
Just curious. I know this economy seems to be squeezing a lot of people dry. I was talking with a dentist friend who said his practice has slowed down a ton and it’s not looking good which is crazy for dentists.
I‘ve considered making the switch to PI from family law but I just wanted to get a pulse on how everyone is doing because I’ve also heard that insurance companies seem to be settling less so you need to be okay with spending the money to go to trial, insurance defense is getting better with keeping more money in the pockets of the insurance companies, etc. it’s basically not an easy “settle” industry anymore from what I’ve heard.
I know PI is obviously different from dentistry too because it’s more of a B2B industry and people won’t necessarily stop bringing in cases because it makes them money at no cost to them unlike dentistry so I’d imagine the demand doesn’t really slow down but I just wasn’t sure if cases are still flowing strong and if cases are still settling fairly easily or if there’s a slow down like other law industries have been seeing and you have to put up more of a fight now.