Market Intelligence for Legal Claims
Attorneys with a concentration in creditors’ rights are more successful with the help of NL Advocate. This unique product from The National List® of Attorneys (The NL) is designed for qualified firms with practice areas in consumer debt, commercial collections and insurance subrogation. More than a paid listing or passive referral service, NL Advocate drives improved financial outcomes. Attorneys accepted into the NL Marketplace leverage The NL’s claim-performance metrics to verify past successes and more effectively compete for claims from forwarders around the world. NL Advocate also provides business analysis and data-driven strategic consulting. Arming attorneys with unique industry insights, competitive benchmarks, and market intelligence, NL Advocate helps them grow their practice.
The NL Marketplace is an exclusive “walled garden,” a combination of technology, secure information and services only accessible to approved clients of The NL. It is an online, in-the-cloud hub that conveniently connects NL Advocate attorneys with forwarders, using any web-enabled device. It centralizes and standardizes introductions, placements and status reporting of forwarded legal claims. Within our vast database of more than $50 billion in claims, The NL Marketplace records placement and performance data for individual claims across the industry. Then we aggregate and analyze this data to calculate trends by practice area, region, time, cost and results. By comparing claim milestones and results to industry and geographic benchmarks, The NL’s account managers identify key business opportunities and strategies that help to enhance the performance and profitability of legal claims anywhere.
The World’s Leading Network of forwarders and creditors’ rights attorneys has been managed by The NL since 1900. Our many long-standing relationships with first-party creditors, third-party agencies, debt purchasers, forwarding firms and insurance companies give The NL geographic coverage anywhere around the globe. The network’s volume feeds our database, giving us unparalleled visibility into industry performance. It has become the world’s largest B2B marketplace for monetizing legal claims. Your NL Advocate account manager will actively pitch your firm to hundreds of forwarders. New forwarders and qualified attorneys are joining every day.
As a complementary service, attorneys with NL Advocate can forward claims outside their region and practice areas to other pre-vetted firms in the NL Marketplace. And those firms can just as easily return the favor. NL Advocate is available in each state or county where you might need to forward claims.
Backed by The NL, attorneys with NL Advocate demonstrate they are able to consistently meet the qualifications and criteria of the world’s top forwarders. The NL centralizes program requirements across multiple forwarders to efficiently give confirmation that your firm meets their work and ethical standards, terms and conditions, insurance requirements and more. Forwarders also receive aggregated reporting on the progress of all their claims, reducing your reporting burden.
When forwarders see a firm has been vetted by The NL, and that The NL insures claims placed with NL Advocate attorneys, they are assured that they can expect a quality performance partner, making it easier for attorneys to receive more business. Additionally, your NL Advocate account manager is an advocate in your corner. Not just promoting your business to receive new placements, your account manager also leverages the influence of The NL to help ensure smooth and profitable ongoing communication between you and businesses that place claims with you.
Data-driven Market Intelligence is available to attorneys through NL Advocate. Many large forwarders track objective claim-performance metrics to optimize the profitability of their placements. Now you can too. Your NL Advocate account manager is a consultant who analyzes the numbers and proposes strategies to help optimize the growth of your firms and the profitability of your claims. The size and scope of the NL Marketplace industry-wide database ensures statistically significant accuracy to our findings and recommendations. We are able to score and predict which claims are more likely to be recovered, and provide market intelligence about the latest trends in your footprint area.
Don’t Wait! Start using NL Advocate today to gain a competitive business advantage and grow the size and profitability of your practice. With the combined power of the NL Marketplace, the scope of our network, and the strategic insights from our performance data, you can more cost-effectively receive and manage claims better matched to your strengths. NL Advocate harnesses the power of market intelligence for you, helping you to achieve higher profitability from past-due accounts receivable, unpaid invoices, old debt and insurance claims.