Should the Time Value of Money Effect My Decision to Accept a Settlement? (Part 1/3)

If you’ve recently been in an auto accident in North Carolina you are aware of the process required before you are able to recover for any damages you or your property sustained.  Determining when to accept a settlement can be a source of contention between attorneys and their clients.

The decision to accept a settlement rests ultimately with the client.  The attorney has discretion to make other decisions in carrying out his role to competently represent the client; however, the decision to accept a settlement for the client.  This is where many attorneys and clients find themselves up in arms because the two concepts don’t meet in perfect harmony.

In the event of a personal injury in North Carolina, the attorney works with all parties including medical providers and insurance companies to protect the injured party’s interest while working towards a recovery.  Depending on the length of this process, in most situations the insurance company and the law firm began negotiating.  This is when the game begins.  Generally speaking an attorney—or a good one at least—won’t stop negotiating with the insurance company for a higher settlement until he believes it’s the highest realistic settlement offer or he has another strategic card up his sleeve.

Once the attorney believes that all possible benefit has been squeezed from the negotiation process, typically the client will decide to accept or reject the settlement offer.  If the client decides not to accept that offer, then the offer is rejected.  In most situations, at this point the case prepares for trial.  Witnesses are deposed, experts are hired, trial strategy is mapped out two hundred times, analysis is conducted on potential jurors based on previous experiences and psychological impact to determine what an appropriate jury of “peers” would likely resemble.  Prior to all of this, there are back and forth motions and briefs submitted.

Office Locations

With North Carolina office locations in Charlotte, Hickory, Monroe and in Columbia, South Carolina, DeMayo Law Offices have been serving the state since 1992. You can contact us 24/7 and if you are unable to come to us - we will come to you.


Provide the below information and we will contact you.

  • This field is for validation purposes and should be left unchanged.
Phone icon
Call Us 24/7
Location icon
home icon
We Come
To You

Please do not include any confidential or sensitive information in this form. This form sends information by non-encrypted email which is not secure. Submitting this form does not create an attorney-client relationship.

Member of the Multi-Million Dollar Advocates Forum Member of the Million Dollar Advocates Forum Top 100 Trial Lawyers North Carolina Advocates for Justice
AV Preeminent Client Champion DeMayo Law Offices is a BBB Accredited Business Rated by Super Lawyers

Membership in the Million Dollar Advocates Forum is limited to attorneys who have won million and multi-million dollar verdicts and settlements. Criteria for membership in Million Dollar Advocates can be found by clicking here. DeMayo Law Offices, L.L.P. does not represent that similar results will be achieved in your case. Each case is different and must be evaluated separately.

The National Trial Lawyers is a national organization composed of the Top 100 Trial Lawyers from each state. Membership is obtained through special invitation and is extended only to those attorneys who exemplify superior qualifications, leadership, reputation, influence, stature, and profile as trial lawyers, both civil plaintiff and criminal defense. More information can be found at the National Trial Lawyers web site by clicking here. DeMayo Law Offices, L.L.P. does not represent that similar results will be achieved in your case. Each case is different and must be evaluated separately.