Litigation risk definition
Litigation risk as the term is used here means an increase in the frequency of lawsuit filings and an increase in the size of awards and settlements. The litigation risk for New Mexico tort claims defendants (including doctors and hospitals) is higher than Texas because, among other things, the caps are higher and the statute of limitations is more lenient. Additionally, the Texas Tort Claims Act provides more protections to hospitals employees, including emergency room personnel than in New Mexico. Furthermore, the general medical practice litigation risk is greater in New Mexico than Texas, in part due to New Mexico
Examples of Litigation risk in a sentence
The Court shall make any final determination on the amount of any award of Attorneys’ Fees and Expenses to be paid to the petitioning attorneys / law firms, based on the timely filed petitions by each attorney of record and law firm, listing among other things, their qualifications, contributions to the Litigation, professional time devoted to the Litigation, risk, delay, costs, expenses, and out-of-pocket advances incurred in the Litigation, all as may be required by the Court.