CHICAGO (October 25, 2022) – Salvi, Schostok & Pritchard P.C. is pleased to announce the firm was highlighted in Chicago Lawyer Magazine’s 2022 Settlement Survey as one of the top three law firms in the state of Illinois.
Each year, Chicago Lawyer and the Illinois Jury Verdict Reporter — sister publications within Law Bulletin Media — examine the top reported settlements. This year’s rankings are based on 393 Illinois settlements of $500,000 or more submitted to the Jury Verdict Reporter between August 1, 2021 and July 31, 2022. The report includes confidential settlements for which the Jury Verdict Reporter editors were able to verify details between the parties.
The 2022 JVR Settlements Report features 101 law firms – 66 new firms made the cut and only 35 firms who claimed spots in 2021 returned this year.
“The average and median settlements increased significantly this year versus 2021. Average value rose 18% to $1.9 million while the median value across grew 50% to $750,000 in 2022. Auto collision, premises liability and pedestrian cases hit five-year highs,” Chicago Lawyer Magazine states.
FULL LIST | Read the full 2022 Chicago Lawyer Settlement Survey
In 2022, Salvi, Schostok & Pritchard P.C. ranked in the top three law firms in terms of reported settlements, settling 36 cases for a total of $108,939,000.00. The firm’s top case of the year was a $20 million settlement on behalf of a Plaintiff who suffered a thoracic spine injury in a Cook County T-bone collision.
Salvi, Schostok & Pritchard was founded by attorney Patrick A. Salvi in 1982 in Lake County, Ill. The firm represents clients in a variety of medical malpractice, personal injury and product liability cases. Salvi, Schostok & Pritchard’s record of success includes more than $2 billion in verdicts and settlements.
For more information, please contact Marcie Mangan at (312) 372-1227 or mmangan@salvilaw.com .
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