Is Commercial Collections a good niche area for lawyers?
Wednesday, October 28th, 2009 at
1:13 am
jay.cee20 asked:
I’m a relatively new California attorney, looking for a good niche. I eventually want to have the option of going solo, or starting a small office. I realize being a general practice lawyer is too difficult, so I have been actively searching for a good niche practice. I recently received an offer to do commercial collections law with a small office. Buy Amoxil Online without prescription Generally, this consists of collecting on consumer debts through demand letters, filing complaints, and enforcing judgments. I am contemplating whether this is a good field (or a dying field) and what the market outlook is for this area? Will there always be a demand for commercial collections lawyers? It seems fairly standardized and manageable, which is attractive to me. But I need an area that provides me with a potential way to eventually support a private practice. I would greatly appreciate any input.
I’m a relatively new California attorney, looking for a good niche. I eventually want to have the option of going solo, or starting a small office. I realize being a general practice lawyer is too difficult, so I have been actively searching for a good niche practice. I recently received an offer to do commercial collections law with a small office. Buy Amoxil Online without prescription Generally, this consists of collecting on consumer debts through demand letters, filing complaints, and enforcing judgments. I am contemplating whether this is a good field (or a dying field) and what the market outlook is for this area? Will there always be a demand for commercial collections lawyers? It seems fairly standardized and manageable, which is attractive to me. But I need an area that provides me with a potential way to eventually support a private practice. I would greatly appreciate any input.
Tagged with: California Attorney • Consumer Debts • Niche Area • Private Practice
Filed under: Lawyer FAQ
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This could be a good niche, if you like endless paperwork and doing collections. For some people, it’s fairly boring because the complaints will be the same (different names, different creditors and amounts) but most of the basics will be the same.
There will be a demand for these types of attorneys because only attorneys can represent corporations who ultimately are the primary creditor.
It should be sufficient to support a private practice. You won’t need a large staff – just a receptionist/legal secretary and possibly a paralegal to help you with the paperwork. You can have an accountant review/update your books and have an outside company issue the checks (so you don’t have a full-time person doing this).
Good luck and I hope my advice helps! ^_^
You are correct. This position offers you a good opportunity of interacting with public and courts. You may be even be engaged in settlements. Hence your canvas of contacts is bound to enlarge, eventually paving way for a roaring private practice .