The Veil of Ignorance
- Sep 24, 2007
Collection lawyers are normally paid on a contingency fee basis and on an agreed percentage of the amount they collect.
When I considered solo work, I always refused collections. Just not worth it.
eta: Probably my best job as a lawyer was repping a guy in a greivance proceeding before the state bar. I did it pretty much right out of law school, and almost for free. He was in collections, he'd messed up slightly on a case, and his client came up to bite him.
My client offered me very generous terms to go after his fees that his former client rightfully owed him. I declined. Collections is a brass knuckles, high volume, low margin type of law that I'd rather not practice.