"I am attorney Bert Parnall and I am going to talk to you about the negotiation of your claim. You've now communicated with us and authorized us to begin negotiations. We recommend a demand amount, which is what we expect if we knock it out of the park at trial. Our normal practice is to also recommend and ask you to authorize a reasonable settlement range.
Any reasonable settlement requires a compromise based on an evaluation of the risks and costs of getting to and going through a trial. The range we recommended reflects those risks and costs. If you have any questions about the amount we discussed, please call to discuss your questions.
It usually takes about 30 days before we receive a response to our demand letter. Your attorney will then try to negotiate a settlement within the range you authorized or greater, if possible. Those negotiations will generally take another 30 to 60 days. So it is a lengthy process.
Please remember that rushing this process may negatively affect your ultimate recovery. However, feel free to contact us if you would like an update concerning whether the insurance company and/or a responsible party is responding. If the negotiations are unsuccessful, we will talk about the filing of a lawsuit."
Learn more about the negotiation process of your personal injury case. Bert Parnall discusses in this video the importance of negotiation and his tactics to get you the compensation you deserve for your New Mexico personal injury.
Parnall Law Firm
2025 San Pedro Dr NE
Albuquerque, NM 87110