After suffering an injury due to another party’s negligence, the best outcome is a fair settlement compensating them for their medical expenses, property damage, lost income and pain and suffering. Getting to a successful settlement can be a lengthy process, even with the help of an expert legal team. The injured party and their legal counsel must work together to build a case proving the other party was negligent, as well as accounting for all of the financial and non-economic damages (pain and suffering) the injury victim is entitled to. When all the necessary steps are taken and a settlement is reached, how long does it take to get the settlement check?
What Exactly is a Legal Settlement?
A settlement is a legal agreement between two parties made outside of a court trial where a judge and/or jury determines the amount of damages awarded. In a personal injury settlement, the plaintiff will make a claim for damages they incurred as a result of their injury that they are entitled to under Nevada law. Rather than argue the case in a lawsuit, the defendant will make an offer to “settle” the claim – commonly an insurance company whose legal team will consult with the plaintiff’s lawyer. The defendant will agree to pay all of the plaintiff’s claims, or some of them after negotiations between the legal teams.
A legal settlement – also known as “settling out of court” – has a number of advantages. Settling out of court is far less costly than litigating the case in court, saving both parties court costs and legal fees. A settlement can be resolved much faster than a lawsuit, and is much less stressful for the plaintiff while they focus on recovering from their injuries. A lawyer in a personal injury claim is also likely to work on contingency, meaning their fee is paid as a portion of the settlement amount – unlike a lawsuit, which can involve retainers, regular fees and may not be decided in the plaintiff’s favor.
What Will Affect When a Personal Injury Settlement Case is Resolved?
Personal injury settlements can take far less time than a trial, but it doesn’t mean a resolution can be reached immediately. These variables in a settlement case will affect how quickly a case can be resolved and the plaintiff is paid:
B was going 20 miles over the speed limit. In the settlement, Driver B is deemed to be 40% negligent, and their settlement payment is reduced accordingly.
What is the Process for Receiving a Personal Injury Settlement Check in Las Vegas?
Arriving at a settlement agreement is a big relief for a personal injury victim, but there are several stages to the process of receiving the funds.
First, the plaintiff must release the defendant’s insurance company from future lawsuits or other legal action over the injury. By signing a legal release document, the insurance company can move forward with the payment of claims. When the release has been processed, a check can be issued and sent to the plaintiff’s attorney.
Next the check will be deposited into the lawyer’s escrow account, and when it is cleared by the bank, the attorney will have access to the funds. However, the lawyer will have discussed with their client about the amount of funds the plaintiff will actually receive. Funds that may be deducted from the total include:
Finally, the remaining settlement funds will be deposited into the plaintiff’s bank account.
Las Vegas, being a bustling city, sees a variety of personal injury claims ranging from car accidents to slip and falls. It’s essential to understand the different types of injury claims in Las Vegas to navigate the legal landscape effectively.
If you have been injured due to another party’s negligence, contact our team or call 702-680-1111 for a free consultation.
As founder of Gina Corena & Associates, she is dedicated to fighting for the rights of the people who suffer life-changing personal injuries in car, truck and motorcycle accidents as well as other types of personal injury. Gina feels fortunate to serve the Nevada community and hold wrongdoers accountable for their harm to her clients.
This was my first time using a lawyer, which I needed due a major car accident. They made everything simple and stress free, and I couldn’t be happier with the attentive care I received from everyone at the law office. Gresia was fantastic, and kept in touch regularly. She was professional, knowledgeable, and very kind. I would recommend them to anyone.
Gina and her crew are truly amazing. They exceeded my expectations. They kept in contact with me throughout the whole time and any questions I did have They would take the time and explain everything so I would know what to expect. I would highly recommend them at any time.
Thank you very much for the services everyone answered every single one of my calls and this firm took care of me from start to finish. Thank you so much Gina for taking on my case and assisting me I will recommend you to everyone.
I rarely do reviews but I want to share what an outstanding team Gina Corena has. Mahna Pourshaban did such an awesome job In helping us get our settlement, she has treated us like family since day 1 that we met her.. Me and my family want to tell u guys thank u from the bottom of our hearts.
Working with Gina was An amazing feeling as the client to know that my case is being handled professionally and to the best it can be ! Knowing that Gina can handle it gave me confidence and peace, 100 percent recommend Gina and her associates team !
GINA CORENA is the best attorney indeed! Thank you to her amazing team the attention to detail I received was incredible. 100% recommend to everyone!
My experience with Gina Corena’s office was amazing. They were all professional and were easy to reach out to during my whole case. I’d recommend their services 10/10!!
I'm really satisfied with the work these ladies provide. They’re Super reliable and Professional, Alexandra was the one that helped me with my case and she’s super nice and sweet. She made sure I was aware about all the updates with my case. Overall the work they provide to the citizens of Las Vegas is top notch. Thank you Gina Corena and associates.
This is the best company I have dealt with hands down. I am super thankful with them for all the work they did on behalf of my case. The process was rather simple and very well explained from start to finish. Thank you so much Gina Corena &. Associates. Thank you Kim for assisting in my case.
I received nothing but top notch service from this firm not once but twice please keep up the outstanding job customer service is very important to me and your firm went above and beyond again THANK YOU
Such a great law firm. This was my first time having to get a lawyer due to an auto accident and they explained all the ins and outs of my case and the process. I will definitively keep them in mind again for the future.
If I can give Gina’s firm 10 stars I would. They have the best customer service & most knowledgeable staff I’ve ever come across. The office is always clean and it has a lovely and positive vibe. Thank you to this amazing firm to make my experience fast and easy for me. Gina definitely knows how to care of her clients and treated me like family. I will recommended to my friends and family.
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