How Do New York Lawyers Set Their Fees?

Photo of a hand holding money to illustrate New York Lawyers FeesIf your attempts to collect monies from your non-paying client haven’t been fruitful, you may look to hire a debt collection lawyer. A big factor in that decision making is often cost. How much will it cost to recover monies owed? To determine the cost, you need to understand how New York lawyers set their fees.

Shopping around and comparing different debt collection firms can be overwhelming if you don’t know what you’re looking for. A bargain is likely too good to be true, but paying exorbitant rates doesn’t guarantee a lawyer will win in court. Understanding how New York lawyers set their fees can help you determine if the cost is in line with industry standards.

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What Happens When Lawyers Steal Client Funds?

A briefcase full of money to represent when lawyers steal client funds.A law firm is like other businesses — some do well and others do not.

Some are better lawyers or more skilled business people, others are neither. At the end of the day, a private law firm is a business. And like a business can orchestrate a scam, some lawyers steal client funds.

Lawyers are sworn to adhere to a code of ethics. They swear to act in the best interest of their clients. Given the number of lawyers, the percentage of those that fail to uphold their duties is very small. One of the main reasons lawyers get disbarred is due to the improper use of client funds.

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Being Late Can Hurt Your New York Debt Collection Case

A watch representing how being late can hurt your debt collection case.Once you start legal action to collect debt in New York, you need to continue the momentum. One day too late may mean you lose the chance to continue your New York debt collection case. In fact, your delay could result in the debtor getting your case dismissed.

The court may find the delay in taking action on your case unreasonable. The other side may take steps to demand you take action to move the case forward. Or, no one takes any action and the court rules you abandoned your case for “want of prosecution.” Abandoning your debt collection case can happen even when the debtor doesn’t appear.

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Jocelyn Nager Shares How She Became a Debt Collection Lawyer

Jocelyn Nager, a debt collection attorney.In this post, Jocelyn Nager, the President of Frank, Frank, Goldstein & Nager, shares how she became a debt collection lawyer. 

Before online job listings, one of the best ways to land a position was by way of introduction or responding to classified ads in person or by mail.

I worked for law firms during the second and third year of law school. My first year I sold shoes at Botticelli, a high-end shoe store in Rockefeller Center.

Coming from a family of accountants and educators, introductions to potential law firms were hard to come by. To find a job, I used the classifieds in the law journal.

I prepared personalized cover letters for each resume I sent out. I’d drop off the “envelopes” every Sunday evening to be in the first batch of resumes — each addressed to a separate blind ad at the offices of The New York Law Journal on Ninth Avenue.

I didn’t know what type of law I wanted to practice. I just knew I wanted to work, and quickly! Since I was eager and ambitious, I answered almost every ad posted for an entry-level position.

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