In the epic poker film Rounders, Matt Damon plays the young flash in the pan superstar who wants to win it all. Joey Knish, Turturro’s character, is the classic poker grinder, who watches his money, makes good bets on good risks and doesn’t chase cars, ego etc. When Damon needs his help, Knish is there for him, but won’t lend him money. Knish says: “I got alimony, child support, rent” etc. The message is….. Damon is a bad risk.
I have always looked at plaintiffs’ personal injury practice as a game of poker. The insurance companies are the house and the house usually wins. Big bets against the house are usually not a good plan for long term success. Instead, prudent playing of risk and reward is what generates long term success for the lawyer and client.
Clients do not want their injury compensation to be in the hands of a jury of strangers. No matter how strong they feel their case is, few people are Matt Damon and love the risk. Some people are forced into the trial setting because the insurer is making a bad decision, but few embrace a jury trial. Clients want a fair settlement in a timely manner.
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Ch Ch Ch Changes
Posted on July 14, 2022 in For Lawyers
As David Bowie sang, “Time may change me, but I can’t trace time.” Many of us as lawyers get up every day and run our firms or work on our cases, trying our best to keep clients happy and the airplane flying while repairs are underway on the fuselage. There are always positive changes to be made. Always! And, with everything, there are lessons to be learned from mistakes, misjudgments, and challenging situations. My practice is different looking now than it was ten years ago. I expect it will be different in ten years from how it looks now. But, the changes are hard to subtle and take years to become apparent and as Bowie sings, they are hard to untangle or put a finger on. I have an economically better off clientele than I did ten years ago for various reasons.
My first clients were brought to me by my kids’ nanny, a great lady named Sheila Cupit, who has since passed on. Sheila was a force of nature and a committeeperson in Norf Philly. (That’s Philly lingo for you non-Philadelphians) (Wolf, the animal and governor is pronounced Woof here).
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