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CollectAR
offers law firms a comprehensive collection service for managing and collecting
the law firms accounts receivables, including client accounts receivable up to pre-litigation
and small claims court, to meet their client accounts
collections service and recovery management process.
Under
our collection service, we function as an undisclosed
support service in the name of the law firm, allowing the law firm and the lawyers to
concentrate on the actual practice of law and not on the running of a
collection department or operation.
Lawyers who handle
their own client collection cases soon discover
that they are required to act as a collection agency up until the point that
suit is required. In fact, under the collection agency act, an attorney handling
collection matters is a "Debt Collector"
When
a law firm retain CollectAR to handle its accounts collections process, we
function as an extension of the law firm, collecting accounts in the name of the
law firm, operating as the collections back-office of the law firm.
This way the law
firm eliminates the demanding tasks of managing the accounts collection follow-up process
needed in order to gain and maintain payment compliance, which the operation of
their own
collection service requires.
Lawyers
will discover that they become more productive and can handle claims more
efficiently because they are now able to focus their attention on matters
involving suit and the actual practice of law.
The
cost to law firms that retain CollectAR to handle its collections, will be
significantly less than the cost of running an in-house
collection operation. As a result, this dedicated,
professional service will drive more profits to the law practice bottom-line.
Law
firms that utilize our service eliminate the need to maintain a time-consuming
collection operation, so they are able to focus on other areas of their
business.
Their personal and firms productivity will skyrocket and they
will experience
significant increase in efficiency and be able to handle a much greater volume
of business, without any increase in infrastructure and people costs.
Benefits to law firms:
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Opportunity
to significantly reduce operating costs by having their own
in-house collections department, without having to incur any of the employee
hiring, management and benefits cost.
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Law
firms that handle
collection cases will have a dedicated source for handling all of the
accounts collections function all the way to pre-litigation, without having to setup and manage their own collections
department in-house.
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Lawyers
will be able to concentrate on the actual practice of law and not the
running of a collection department and/or collections operation.
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Law firms will having
a cost-effective fixed fee collection service department that seamlessly
integrates into managing multi office and lawyers accounts.
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Law firms will
have an effective accounts collections customer service department that will
consistently collect more by design rather than by default.
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The opportunity
to centralize the collections process by insourcing.
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Higher
recovery rate on all types of collections situation and where required, for
commercial accounts effect on-site face-to-face calls.
The
bottom-line!
CollectAR brings to the law firm client a strong administrative support
background and experience designed to increase productivity. This includes:
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Billing and
invoicing
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Knowledge of
Trust account management and administration.
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Cash application
management and reporting
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Retainer
management process
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Strong
negotiation, problem solving and decision making skills.
This
unique service for law firms, is designed to provide comprehensive service
source for cost-effectively handling pre-litigation collections and all of the
administrative support work-flow business processes. |