Our accountants and economists
can calculate justice

What is an arm worth?

How about a leg? How much money would adequately compensate you for not being able to work again for the rest of your life? Who can calculate the price of paralysis; of losing the life of a loved one?

These are difficult questions and may seem crass in light of the sheer emotional duress under which people find themselves in the wake of a debilitating accident or untimely death of a loved one. But the reality of any disaster – whether a medical mistake, a birth injury, a motor vehicle accident or any type of preventable catastrophe – is that it costs money to recover – physically, mentally and financially.

At Elk & Elk Co. Ltd. we hire some of the brightest financial minds in existence. When you suffer an injury, it not only costs you pain and suffering. It costs you money in the emergency room. Prescription medication is far from free and time lost at work means finances you may never have the opportunity to earn again.

For the personal injury victim, these odds may make recovery seem impossible. But with the right research and calculation to back up a solid legal strategy, putting the pain of an injury behind you and having your life put back on track is a reality. That’s why Elk & Elk employs accountants and economists. These individual help victims get the compensation they are entitled to.

Call Elk & Elk at 1-800-ELK-OHIO, or fill out our free, no-obligation case evaluation form to have one of our friendly, professional customer service representatives refer your case to one of the legal teams at our law firm, who will examine the evidence, evaluate your losses and calculate the victim compensation needed to be able to lead a dignified, productive life despite your brush with personal injury.

The economics of injury: A chat with Art Elk about the firm’s use of accountants

“There’s a lot involved in the economics of a case,” said Elk & Elk’s managing partner Arthur Elk. “In these big injury cases, where there’s a lot of economic damage to the client, we will actually hire economists and these economists will take into consideration all of the factors.”

For example, Elk said, if a client suffers a paralyzing injury as a result of someone else’s negligence, economic damages that client likely will incur may include medical care in and out of the hospital, medication, wheelchairs, accessibility modifications to the home and lost wages for the rest of his or her life, just to name a few.

Elk said, despite some of the multi-million-dollar settlements and verdicts the firm has won for its clients, no one profits in an injury case.

“Nobody’s looking to make a profit on this kind of case,” he said. “What amount of money would you want to be in a wheelchair for the rest of your life? There’s no amount of money that could ever compensate you for that.”

He added that Elk & Elk Co. Ltd. simply tries “to make sure that our clients are protected and that their families are protected and that they’re adequately compensated so that they can deal with their injuries and live out their lives with some respectability and dignity.”

Accountant FAQ’s:

Q: Why does Elk & Elk employ accountants, analysts and economists?

A: Elk & Elk employs accountants, financial analysts and economists because each and every personal injury case has its own set of associated costs, including pain and suffering, lost wages, the cost of care and many other monetary costs. In order to accurately assess what these costs will be for the remainder of a victim’s life, we use financial professionals to derive fair resolutions for injury victims.

Q: What are some costs associated with being injured?

A: The costs of being injured vary widely depending on the specifics of the case at hand. In auto, industrial and workplace injury cases, for example, economic costs include hospital and other medical bills, lost wages, pain and suffering, travel to and from doctor’s appointments, rehabilitation and counseling. There are also the costs of long-term care, repair to property and a diminished quality of life.

Q: From where does Elk & Elk hire the financial professionals it uses?

A: Elk & Elk scours the globe to find the best and brightest financial minds. We contract with a number of accounting and economist firms who keep us informed whenever they learn about an especially capable accountant or economist. With our reputation and long-standing relationships with these types of firms, we enjoy a working relationship with some of the finest financial professionals the world has ever produced.

Q: Why is it important to hire a law firm that uses accountants and economists?

A: It’s important to hire a law firm that uses accountants and analysts because evaluating the costs associated with personal injury is a complex and multi-faceted discipline requiring highly trained, analytical minds. When you need a doctor, you see a doctor. When your car needs to be fixed, you see a mechanic. Similarly, when your financial future is at stake, you hire a certified financial professional. Elk & Elk operates in the same way.