How Is Pain and Suffering Calculated in Lawsuits in Louisiana?
After an accident brought on by another person’s negligence, you may be wondering what your options are for maintaining your quality of life. You may know that you have the right to file a claim against the liable party requesting financial compensation for expenses like medical bills, property damage, lost wages, and more. However, you may be wondering how to calculate pain and suffering damages in a Louisiana lawsuit.
The attorneys at Spencer Calahan Injury Lawyers understand that this process can be very confusing, especially if you don’t have the benefit of legal knowledge. We want to make sure you have all the right tools to file a successful suit. To help, we’ve shared some details about the calculation process below.
Methods of Calculating Pain and Suffering
You and your lawyer can use one of a few methods to calculate the value of your pain and suffering as you move forward with your personal injury claim.
The Multiplier Method
One of the first ways your attorney might try to calculate your pain and suffering is a popular approach called the “multiplier method.” This method calculates all your monetary losses stemming from your injury. Then, we will multiply the total by a certain rate, which will provide you with the total for your desired pain and suffering settlement.
The Daily Rate Method
Another approach for calculating pain and suffering in lawsuits in Louisiana is the “daily rate method.” This methods relies on you and your lawyer determining your daily cost of living. Once this daily amount has been determined, the value is multiplied by the number of days you have lived with your damages.
Contact a Baton Rouge Personal Injury Lawyer
No matter which method you use, trying to figure out what your claim is worth is difficult if you’re not a legal professional. If you’re wondering how pain and suffering is calculated in lawsuits in Louisiana, Spencer Calahan Injury Lawyers can make things easier.
Our dedicated team will help you gather evidence, determine the true value of your case, and negotiate on your behalf so you can move forward with your life and your recovery.
If you’re ready to find out what your next steps should be, schedule a free consultation with us today. You can set up a meeting by calling us at 225-387-2323 or filling out the online contact form at the bottom of the page.