Published on 28 Feb 2024 on Insider Monkey via Yahoo Finance
In this article, we will take a look at the 20 best personal injury lawyers in NYC. If you would like to skip our discussion on personal injury statistics, you can go to the 5 Best Personal Injury Lawyers in NYC.
Preventable injuries, like motor vehicle accidents, slips and falls, and medical malpractice, result in an alarming number of deaths in the United States. Personal Injury statistics reveal that in 2021, preventable injuries resulted in 200,000 deaths. Meanwhile, there were 6,102,936 reported vehicle accidents, with 38,680 causing serious injuries that proved fatal. This translates to a car crash death rate of 0.7%. The unfortunate trend reveals an increase in fatal car crashes in recent years, with the number rising by over 16% from 36,835 in 2018 to 42,795 in 2022.
Additionally, personal injury cases requiring medical treatment are on the rise, with 39.5 million cases reported every year in the USA, approximately 126.3 cases per 1000 individuals. This increase in cases has contributed to the personal injury lawyers market size reaching $59.8 billion as of 2024. The industry is expected to grow further due to factors like the increasing number of vehicle accidents and the aging population. As of 2024, the personal injury law industry in the USA employs over 183,000 individuals. Although there is significant competition among smaller firms, the key players in the industry control a substantial portion, with the top four companies contributing 32% of the market revenue.