Are Recessions Good for Personal Injury Law Firms?
Recessions typically result in increased caseloads for Personal Injury Law Firms, however, some insurers attempt to take advantage of economic downturns with low-ball offers. Slightly Less Motor Vehicle Accidents Occur: Unless it’s highly specialized, the bread and butter of any personal injury law firm is motor vehicle accidents. With prior recessions, car accidents showed a marked decline. A 2016 study