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Call the Heavy Hitters Never Lose Hot Line! You Probably Have A Claim!

Call the Heavy Hitters Never Lose Hot Line! You Probably Have A Claim!

In my small state of Rhode Island, you can’t watch any broadcast TV channel in the evening without seeing scores of ads from dozens of personal injury lawyers. These are complete with sketchy-looking people attesting to their six-figure settlements. The hype includes hospital errors, asbestos illnesses, auto accidents, falls in stores and public places, and all kinds of others mayhem and malfeasance.

People are entitled to relief when they’ve been unfairly or accidentally injured. But this “stimulation” of law suits is revolting. I asked one of these attorneys once how they could afford to spend millions on media ads, and he told me that they will not take any case unless they’re convinced they can win, and almost always be able to settle out of court. They retained about 40% of any settlement. An insurance executive told me once that his company will generally settle even suspect claims out of court because of the expenses of mounting a court defense.

While I understand all that in a free society, I still want to take a shower after every one of these ads.

Written by

Alan Weiss is a consultant, speaker, and author of over 60 books. His consulting firm, Summit Consulting Group, Inc., has attracted clients from over 500 leading organizations around the world.

Comments: 2

  • Alan

    January 28, 2020

    There are over 1 million practicing lawyers in this country and more annually, as they graduate from law school (most of which are loaded with student loan debt). Law schools will take students money (either loans or the parents) but they won’t guarantee a solid career, which means they are incredibly litigious, and are desperate for a pay day. Truth be told, there are too many lawyers in this country. In my consulting practice, I have A LOT of insurance, both for personal liability, and business. I’m in my 30’s, single, no kids, relatively affluent although I live in a rich area so that is all relative, so I don’t feel all that well off. What kind of insurance, trusts, asset protection (either nationally or internationally) would you recommend to really protect oneself in such a litigious country we live in today. I have a friend whose Canadian, lives in Acapulco, who set up an offshore asset protection trust in the Cook Islands. I have a long career ahead of me, and I know I will be a lot better off in the future than I am today, but I do think about the reality of what’s happening. I do love this country, and the opportunities here, but we do need to protect our ASSets.

  • Alan Weiss

    January 29, 2020

    You don’t say what you do for a profession. My advice is to have the right kind and maximum insurance, and don’t break the law. Also, have a good relationship with appropriate lawyers for your estate, business, and contracts. You’re making more of this than you need to, and off-shore assets are an overreaction and a potential problem with the IRS.

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