Collection Industry News

JANUARY 17, 2024

legal industry has already seen a flurry of new law firm mergers in 2024, as Kilpatrick Townsend & Stockton on Wednesday became the latest to announce a combination with a smaller firm. Atlanta-founded Kilpatrick said it will add more than 55 lawyers in Chicago from a firm called HMB Legal Counsel. Several U.S.

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NCBA Law Practice Management Blog

SEPTEMBER 22, 2023

I’ve got some surprising news: some lawyer didn’t invent the idea of CRM software. Neither were the relational databases that serve as the backbone for law practice management softwares built for law firms. But, that’s okay. Well, there are several reasons. Want to learn more about your legaltech options ? Contact us today!

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Collection Industry News

MARCH 30, 2024

The use of AI in the sector only looks set to grow; even though just over 10% of collections firms currently employ AI-driven tools in the US, around 60% are considering implementing them. Several firms are already succeeding with AI within the collections industry. For example, Skit.ai

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BN Lawyers

JULY 12, 2023

News & World Report included Barron & Newburger, P.C. The firm was listed as Tier 2 in Bankruptcy Litigation for the Austin market. The Section also features Shareholder Paul Hammer, who leads the firm’s Houston Office. News & World Report appeared first on Barron & Newburger, P.C.

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NCBA Law Practice Management Blog

MARCH 22, 2024

That’s especially true for litigation firms, which take direction from court rules and judges about when and how things get done. The good news is that there are some pretty basic calendaring tips you can use, to set things straight, massively improve your process and reduce stress.

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NCBA Law Practice Management Blog

APRIL 3, 2023

Law firm owners swap into and out of software on a regular basis, including primary tools, like case management software. Lots of law firms are on the hunt for ‘perfect’ software. But, since softwares are constantly a work -in-progress, you should view your law firm’s use of software via the same lens. and, switch again.

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Burr Forman

NOVEMBER 9, 2021

Beth Shirley was quoted in a Legaltech News article discussing law firm data leaks in light of the October release of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ). There’s always that possibility,” Shirley said. There are things that can definitely be done to lower those possibilities, too.”.

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UK debt collections

MARCH 27, 2023

Private Debt Collection firms being hired The HMRC is hiring private debt collection firms to recover owed monies from universal credit claimants. According to a Sky News report, the government is cutting benefits to over one million people already struggling with rising living costs.

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UK debt collections

JANUARY 6, 2022

Debt Collection firms have welcomed the news that the Financial Conduct Authority has completed a consultation on outlawing referral fees for debt packager firms. The news that a ban is likely to be introduced in the coming months. This marketing comes from debt packager firms.

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UK debt collections

JANUARY 31, 2022

Derby County’s debts are said to be more than a staggering £60m according to reports via Sky Sports News. A trusted source has told the Sky Sports News channel that they have never seen such a high level of unpaid debt at any Championship league soccer club.

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Jimerson Firm

FEBRUARY 4, 2021

Florida-based Business Law Firm Makes Fourth Appearance on Gator100 List. Florida-based business law firm Jimerson Birr has been named to the 2021 Gator100 list released by the University of Florida (UF), which recognizes the 100 fastest-growing businesses in the world led by its Alumni.

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NCBA Law Practice Management Blog

DECEMBER 23, 2023

And, though the game may have changed, as these applications have expanded – the good news is that the solution remains the same. Now, lawyers are getting notifications from everywhere: case management softwares , CRMs, Slack channels, chat feeds, Zoom chat, etc. It’s enough to make you want to pull your hair out.

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NCBA Law Practice Management Blog

JANUARY 18, 2023

You see, there are a lot of solo and small firm lawyers out there, who are heavily-focused on budget management, and cutting costs down to the bone. But, getting lean is more about becoming more efficient, rather than trying to spend as little money as possible, to run your law firm.

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NCBA Law Practice Management Blog

AUGUST 18, 2022

Law firms only answer 1 of 3 phones call they receive, on average. Couple that with the fact that 64% of law firm voicemails are not returned, and there isn’t much ‘ service ’ left in law firm ‘customer service’. The good news is that this is all fixable.

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UK debt collections

MARCH 24, 2022

Meanwhile, almost one-third (29%) of firms say it currently takes them more than 30 days on average to pay their own suppliers, with late payments from customers (24%) and cashflow pressures (21%) being their most common reasons for not settling invoices on time. The firm also improved on the proportion of invoices paid to terms.

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Burr Forman

DECEMBER 14, 2021

Shirley, CIPP/US was quoted in a Legaltech News article discussing law firm data leaks in light of the October release of the Panama Papers by the International Consortium of Investigative Journalists (ICIJ). 2021 Cybersecurity Data Breach Stats. Elizabeth B. Burr’s Cybersecurity & Data Privacy Team.

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Burr Forman

APRIL 1, 2021

This year, the awards recognize authors for their visibility and thought leadership covering 28 key, cross-industry topics as well as firms for their visibility and engagement in the 28 topics covered by the awards. Prior to joining the firm, Erik was an attorney with the IRS Office of Chief Counsel and the U.S. About JD Supra.

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UK debt collections

NOVEMBER 7, 2023

Around 680 of its workers were made redundant as a result of the firm going into administration. ITV flagship breakfast show Good Morning Britain described the shocking news as “devastating for the people of Bradford.” The unseasonably warm weather in September also dented demand for its products.

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NCBA Law Practice Management Blog

JUNE 2, 2023

If you’ve been following the legaltech news, even tangentially, you’ll likely have heard of the term ‘law practice management software’ – which is effectively a relational database for case management -- that can also include almost of the related data for your cases, in its cloud iteration, via integrations. Just reach out!

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NCBA Law Practice Management Blog

MARCH 10, 2023

Now, that’s a problem in most offices – but, law firm meetings seem to me to be particularly meandering and aimless. Of course, that doesn’t mean that law firms meetings have to remain so bogus. The majority of law firm meetings are centered around case updates. But, the meetings still sucked.

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Collection Industry News

MAY 14, 2023

Introduction: In today’s digital age, having a strong online presence is crucial for any business, including law firms. In this article, we will explore the benefits of listing your law firm in these directories and why it is an essential step towards enhancing your firm’s visibility and attracting potential clients.

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NCBA Law Practice Management Blog

FEBRUARY 23, 2022

Data backup has always been a difficult puzzle for law firms, who traditionally traffic in document s heavily – whether they’re electronic or paper. So, managing files is always a concern for lawyers, and that concern is often exacerbated by disorganization – lots of law firms are scattered in terms of document storage.

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NCBA Law Practice Management Blog

JANUARY 20, 2024

And, I guess you could view that as good or bad news , depending – because it may mean that you can skip a step ?. However, savvy business owners ha ve already moved beyond th at option. Now, the reason that this traditional method of access via numeric code , in addition to the password, is falling out of favor , is really two-fold.

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Burr Forman

AUGUST 25, 2021

Under Rule 3110, FINRA member firms are required to submit to on-site inspections of their offices, which created obvious obstacles during the pandemic, and industry trade groups are lobbying for the allowance for remote inspections to be extended. Ignites is the preeminent source for news about the mutual fund industry.

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Collection Industry News

DECEMBER 27, 2022

Collections is a fragmented business of 3,200 mostly small firms. Technology such as artificial intelligence is making firms more efficient. However, the Covid-19 pandemic really didn’t hurt this business, as consumers used stimulus payments and enhanced unemployment benefits to pay down their debts in 2020.

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BN Lawyers

MARCH 15, 2021

News & World Report included Barron & Newburger, P.C. The firm was listed as Tier 1 in Bankruptcy Litigation for the Austin market. Bankruptcy Section head Stephen Sather said that the firm has never shied away from the courtroom and that the best way to obtain a good settlement was to be prepared to go to trial.

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NCBA Law Practice Management Blog

NOVEMBER 13, 2019

Most practicing lawyers are immersed in legal technology, without following the news about legal technology. I understand that: I use Microsoft Office everyday; but, I don’t follow the news about Microsoft’s larger machinations. In many ways, legal technology is in its infancy. If your legal tech knowledge needs a refresh, we can help.

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Burr Forman

AUGUST 30, 2021

Emily is a partner in the firm’s Nashville, TN office and may be reached at (615) 724-3204 or emack@burr.com. This article was written by Jon Eggert , a partner in the firm’s Hilton Head Island, SC office. Gabriel joins Burr & Forman as a partner in the firm’s Jacksonville, Florida office.

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Public Citizen

NOVEMBER 26, 2020

billion accounts that were supposedly fake; WhatsApp announced that it is terminating 2 million user accounts per month for apparently spreading fake news; and Discord, an online communication platform, terminated 5.2 We therefore propose to impose a duty to explain on firms. During 2019-2020, for example, Facebook terminated 5.4

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Collection Industry News

JUNE 13, 2022

Distressed debt news provider Reorg first reported on the potential bankruptcy. New York-based Revlon, owned by billionaire Ron Perelman’s MacAndrews & Forbes, struggled amid competition from Estee Lauder Cos. The company is talking with creditors and equity ownership of the firm is likely to change, one of the people said.

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FFGN COLLECT NY

SEPTEMBER 16, 2022

The good news for creditors looking for favorable fee arrangements in New York is that New York permits contingency fee debt collection. When it comes to a New York lawyer’s ability to set fees, Rule 1.5: You should also look at the firm’s website for testimonials, references, and the like.

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Collection Industry News

FEBRUARY 1, 2022

The firm is scheduled to announce its next quarterly earnings results on Thursday, February 24th. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow PRA Group. During the same quarter in the previous year, the firm earned $0.92 million and the highest is $254.48

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BN Lawyers

NOVEMBER 12, 2019

has been recognized in the 2020 edition of Best Law Firms published by U.S. News and World Report. The firm was ranked as Metropolitan Tier 1 in Austin for Bankruptcy Litigation. The firm’s bankruptcy section is based in the Austin office and handles a variety of complex bankruptcy litigation and reorganization matters.

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UK debt collections

JUNE 22, 2020

However, the survey of 1,200 firms finds that the government-backed coronavirus lending schemes are reaching the businesses which need it most. In addition, the research reveals that of those firms who have heard back from their lender about a BBLS or CBILS facility, nine out of ten have had their application approved.

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Credit Corp

MARCH 6, 2023

[ Disclosure: Lexington Law Firm advertises on Credit.com and Credit.com may receive compensation if you sign up for credit repair services with Lexington Law Firm.] The good news is that even if you have a low credit score now, there are steps you can take to improve your score.

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NCBA Law Practice Management Blog

JUNE 23, 2023

The good news is that most of the generative AI tools you would use at this point are free – though, ChatGPT has a paid version, Plus – which offers better access to the tool, and first access to new features. With ChatGPT, you can crank out content, like it was coming off an assembly line.

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UK debt collections

SEPTEMBER 11, 2020

1 in 10 businesses are in moderate or severe financial risk of insolvency but on a positive note, 79% of Uk firms are considered low risk or no risk at all. The post Unpaid Invoices affecting 54% of UK Businesses appeared first on UK Debt Collection News. A full copy of the survey Business impact of coronavirus can be found here.

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