Do you know what your case is worth? Does opposing counsel know? In the beginning stages of a legal suit, your answer is often, “No.” Plaintiff’s counsel creates the value of a case when preparing the complaint. Thereafter, defense counsel completes a review of the materials and evaluates the claim based on the information and documentation initially provided. The true value of a case, however, is usually not determined until later in the case when policy limits are divulged and discovery is initiated, including exchange of records and retaining experts. Prior to that, the legal team can only estimate the actual value of a case.
Most law offices operate on the “team” system. With one partner, one associate, one paralegal, one law clerk and one legal secretary you have the recipe for a great team. In a typical case, research is often delegated to the associate, paralegal or law clerk. A team researches the issues, compares notes and prepares a report to the client. We all know there is no “I” in team. However, with the route technology is taking, team projects are quickly becoming a one-man job. Thus, when it comes to jury verdict and settlement research the team system may become obsolete.
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