Lawcalc Updated - Custom Economic Loss
- Arnold Shields
- Oct 22, 2009
- 2 min read
Updated: Jun 24
We’re pleased to announce an important update to Lawcalc, our free personal injury damages calculator. In response to user feedback, we’ve added a Custom Economic Loss option to offer more flexibility when calculating past and future loss of earnings.
What’s New?
Custom Economic LossThis new feature allows you to create detailed economic loss scenarios where probable earnings increase over time. For example, the first period could be $700 gross per week, increasing to $725 per week in the next, and so on. This is particularly useful when modelling earnings growth in line with CPI or wage inflation.
Economic Loss Options Now Available:
Simple Economic Loss – assumes a flat rate of probable earnings over both past and future periods.
Custom Economic Loss – allows defined increases in earnings over multiple periods, tailored to the plaintiff’s circumstances.
Other Enhancements
Adjustments to Domestic Care scenarios for improved usability.
Improved data validation to help minimise errors and ensure more accurate reports.
Lawcalc by Dolman Bateman remains completely free to use, and registration takes just a few minutes. Generate professional economic loss and domestic care reports with ease.
👉 Visit Lawcalc now
If you have any questions or suggestions, please don’t hesitate to contact us. We appreciate your feedback as we continue to enhance Lawcalc.
Disclaimer:
The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. While every effort has been made to ensure the accuracy of this content at the time of publication, tax laws and regulations may change, and individual circumstances vary. Dolman Bateman accepts no responsibility or liability for any loss or damage incurred as a result of acting on or relying upon any of the information contained herein. You should seek professional advice tailored to your specific situation before making any financial or tax decision.
