
A war of attrition is never pretty, but if you’re smart about overhead and scale, you’ll win it. — Seth Godin.
There’s a conversation going on right now among a group of consumer bankruptcy lawyers. They’re all talking about how the demand for their services is drying up. It’s happening more quickly for some than others, but the problem is that the need for their help is stronger than ever.
People are having a tougher time of it now than ever before. The difference is that many of them have too many problems to deal with at once, and ending their bill problems isn’t at the top of the list.
It’s more important to put food on the table than it is to wipe out that Visa bill you’re not paying anyway.
The phone calls from bill collectors will go to voicemail while you puzzle through the loan modification paperwork and try to save your home.
Soon enough, people will be able to re-focus on their debts. They’ll need help from good lawyers, people who won’t screw up the case.
Some time ago Seth Godin talked about how those who remain after an industrial fallout will reap the benefits. Specifically, he noted:
I was amazed at all the empty storefronts I saw in LA on my last visit. On one particular block, three or four of the ten lunch places were shut down. And the others? Doing great. That’s because the remaining office workers who used to eat lunch at the shuttered places had to eat somewhere, and so the survivors watched their business grow.
If you cut your overhead to the bone, learn new ways to practice and smarten up then your chances of outlasting the competition increase dramatically.
Have you cut any expenses or overhead in the past six months?
Image credit: Zeessi




The latest technology will be outdated in just a few months. You should wait this one out.
It never ceases to amaze me how much attorneys care about things that don’t matter, while neglecting what really counts.
Some people have said that our legal services are being devalued. Our work is seen as being fungible, which is why self-help outfits are proliferating.
I’ve been teaching legal marketing strategies to bankruptcy and consumer protection lawyers for a few years now. Some of my clients have done very well for themselves, and I’m proud of that.




