A law firm is like a beehive, busy with the constant movement of attorneys bouncing between the office and court, paralegals researching cases, and the support staff ensuring everything runs smoothly. A build-up of unpaid client accounts can disturb your firm’s workflow and take away time from your office’s caseload. By turning to a professional collection agency, you can save your firm valuable time, stress, and money.
Southwest Recovery Services has the experience, accumulated from tackling thousands of law firm collection accounts, to provide you with effective and timely processes. We offer many law firms our services providing exceptional results for nearly 20 years.
Let Southwest Recovery Services be your solution and your firm will be free to continue with what you do best.
Challenges Of Collecting Debts
When a firm is trying to in-source their debt collection, the staff member in charge has plenty of other duties on top of reaching out about past-due client accounts and doesn’t have the industry experience to streamline the process. The longer the process takes, the more money your firm can lose in trying to reach a settlement.
It may seem more cost-effective to create your own debt collection team, but this isn’t actually the case. The process of onboarding, creating new infrastructure, payroll cost, credit bureaus, and research tools can cost a law firm more money than that of the debt they are trying to collect. Not to mention the cost of the training and education needed to understand debt collection best practices.
Relying on an experienced, and respected, professional collection agency can reduce the time, stress, and cost that stems from trying to collect unpaid invoices from your clients.
Benefits Of Outsourcing Debt Recovery Efforts
Working with a professional agency takes the pressure off of your staff to achieve the best outcome for every collection case. A collection agency provides:
- Client location, contact, and communication
- Civil judgment servicing and recovery
- Consulting Services
- Accounts Receivable Management
Our agency will protect the reputation of your firm by treating your clients with dignity and respect at all times. We respect the sensitive attorney-client relationship and will not engage in any activity that causes your client to seek legal guidance with another firm. We are conscious that debt collection is never an easy topic to broach and can be a source of embarrassment for your clients.
Beyond their extensive skills, our recovery agents have a wide array of tools they can utilize such as research software, contact systems, credit monitoring and reporting, and the flexibility to offer different payment plan options to your clients.
Our risk management and regulatory compliance standards are compliant with the American Collectors Association Rules & Regulations, Fair Debt Collection Practices Act (FDCPA), Consumer Financial Protection Bureau (CFPB), and the Fair Credit Reporting Act (FCRA).
Law Firm Collections And Debt Recovery Solutions
Southwest Recovery Services sets itself apart from typical law firm collections agencies through our approach to collection. As a contingency collection agency, we focus on collecting the debt with no up-front cost and only charge our fee when there has been a successful recovery of your money
Our goal is to always find a solution that is positive for both you and your client. We understand the importance of taking a firm, but friendly, approach that will ensure your firm’s reputation remains untarnished.
Southwest Recovery Services: Law Firm Collections
Southwest Recovery Services will allow your company to prioritize your productivity and retain your profits.
Click here for more information about our services, or call 866-558-3328 to start working with us today.