What Is the Best Strategy for Negotiating a Personal Injury Settlement?

In the attached video, attorney Philip Snyder explains the best strategy for negotiating a personal injury settlement—specifically focusing on the concept of “expanding the pie.” As a seasoned negotiator and an MBA professor, Snyder shares key insights into how the negotiation process can work to benefit both parties, rather than viewing it as a win-lose situation.

Snyder’s favorite negotiation tip is to “expand the pie,” which means looking for ways to increase value not just for yourself but also for the other party involved. This approach helps create a win-win situation, where both sides gain more than they would in a traditional “zero-sum” negotiation. By understanding what is “cheap to you but expensive to them,” and vice versa, you can uncover opportunities that make the overall deal more beneficial for everyone involved.

In personal injury cases, this strategy is particularly important when dealing with insurance companies. Settlements often feel like a tug-of-war between what you deserve and what the insurer is willing to offer. However, by applying the “expand the pie” technique, you can maximize the overall value of your settlement, ensuring you don’t leave money on the table.

If you’re facing the complex world of personal injury negotiations, don’t go at it alone. With a skilled lawyer by your side, like Phil Snyder and the team at Lyons & Snyder, you’ll be in the best position to achieve the outcome you deserve.

Contact Lyons & Snyder at 954-462-8035 or visit MyTrustedLawyers.com for a free consultation and let us help you navigate your case with expert negotiation strategies.