|Re: Pre-Paid Legal Services||<– Date –> <– Thread –>|
|From: fertilezone (fertilezoneebox.oo.net)|
|Date: Sun, 20 Sep 1998 15:51:45 -0500|
Pamela Leitch wrote: > ..I am an attorney and .. I urge caution to folks who are considering this (Pre-Paid Legal Service). -------- I understand how you feel. 10 years ago private practitioners hated HMO's for changing their world. And now these pre-paid legal plans are doing the same thing to the legal profession. Only because others broadcast this subject, l'll cc: the list, and ad that some lawyers may have good reason to resent these service plans. Never mind the co-housing groups with legal needs, or the HMO style growth for these plans; there probably is a catch to giving away full-legal service plans for peanuts. Maybe people are doing more price shopping, and want faster, better, and cheeper legal help. To make matters worse, -- William W. Falsgraf -- President of the American bar Association, had to go and say, "The ABA endorses the concept of prepaid legal plans 100%!." Then on Sep.29, last year, Fortune Magazine ranked Pre-Paid Legal Services, Inc. the 29th fastest growing company on the US stock exchange. Go figure! I checked my regional Better Business Bureau, and would recommend doing the same in your state, they use a name or address to do the check over the phone, for free. I personally believe these legal-plan providers make higher profits when litigation becomes the catalyst for legal plan memberships. Many services for pre-existing cases (occuring before membership) are billed at 75% of the providers published rates. So. if more work is pre-existing cases, then less work is billed at the plan's normal rate. However, last year the company reportedly used it's ($12. - $25. monthly) membership-fee revenue to pay-out over 30 Million to provider firms. Regards, Roger Ruhle I am now a customer service Associate for Pre-Paid Legal Services, Inc. http://web.oo.net/ppl/
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