![]() Law Collection agencies need customized collection programs which handle debt collection for early-outs, pre-charge off, primary debts, secondary debts, tertiary debts and judgment enforcement. However there are many factors that impact legal recoveries, including multiple jurisdictions, downward fee pressure and growing placement from debt buyers. Experienced lawyers, litigation paralegals and collection investigators have the experience and vision that guarantees aggressive debt collection. This makes good sense, since there is no substitute for professional legal council when dealing with debt collectors. More and more law firms are adding Collections departments. According to recent industry studies, since 2004 collection law firm revenues are increasing at an astonishing compound annual growth rate of 16%. Debt Collection is growing in the United States.
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