
The Advantages of Outsourcing
IRS, or In-House Receivable Services, provides outsourcing
services to Law Firms. Outsourcing part, or all, of your Law Firm’s
accounts receivable speeds up collections and increases your cash flow. Skip locate tracing and asset investigation tracing
delivers cost effective immediate results for you, your Client and your bottom
line. When you outsource, your valuable paralegal
staff now has time to generate new productive billing hours. Increased billing hours, reduced
costs and faster, quality results are the main advantages of legal outsourcing.
Outsourcing frees up precious human resources so Law Firms
can devote more billable time and attention to their Clients. Law Firms specializing in specific areas of
law can really benefit from outsourcing. IRS has over two decades of
experience helping Law Firms improve their profitability and efficiency with
our cost effective outsourcing.
IRS offers three flexible types of legal
outsourcing:
Accounts Receivable Outsourcing
The reality is that many Law Firms simply do not have the
time, resources or expertise to diligently maintain and collect their own accounts
receivable. The older an account gets,
the harder it is to collect because of the motivation
to pay gratuity scale. This is why many of our Law Firm Clients outsource their tardy accounts
that are over sixty days old.
Many Law Firms use their accounts receivable as financing collateral.
Most lenders use a sliding scale to determine the actual value of an accounts receivable portfolio. In turn, Law Firms absorb additional
monthly interest costs, while the value of their receivables-collateral decline. The best solution in this
situation is to take advantage of our accounts receivable collection
outsourcing.
IRS understands the legal complexities involved with a lawyer-Client
relationship. We are collection experts who know how to extract payment,
without any blowback. We understand the sensitive nature of legal outsourcing.
Locate Tracing Outsourcing
There is nothing sadder than a highly paid and highly skilled
paralegal scrambling to locate an evasive defendant, witness or party that
needs to be served. What a wastes of
talent and money when the solution is just a phone call away. IRS
has experienced legal tracers that stealthily locate people and assets.
IRS also offers emergency rush locates with our outsourcing.
You know, those situations where a party needs to be served, like yesterday,
and they are nowhere to be found. For a minimal
rush fee we will have one of our tracers drop everything and locate the person
as fast as possible. There are a lot of extra perks that go with
IRS outsourcing.
Asset Tracing Outsourcing
One of the most dreaded tasks with a Law Firm is telling a
Client they have a dry Judgment. Often
with legal files there is a strong suspicion the defendant is hiding assets. Here
is where IRS has an edge over other tracing companies. IRS is
also a licensed Alberta and BC collection agency, which means we have access to information
that Law Firms and other tracing companies simply do not have.
IRS has decades of experience tracking down
liquid and physical assets. Evasive people often create elaborate scams to
hide their assets. However, the odds are we have seen their scam before. Our tracers know how to quietly extract valuable
information and turn your legal action into a success.
Instead of suing blindly because your Client insists, and
hoping for the best, consider IRS outsourcing. An
asset investigation will reveal whether the defendant has anything worth going
after. Sometimes the best advice you can
give a Client is not to sue.
Want to Know More About Outsourcing?
Give us a call and a seasoned recovery expert can answer any
questions you have about our Law Firm outsourcing. You can also schedule a free no obligation consultation on our
services and outsourcing.