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While the vast majority of our business is here in the States — maybe 85 percent — our company is truly an international company. Advances in technology have certainly expanded many businesses into the global market, and the collection industry is no exception. It’s interesting to note how the collection process differs, and yet in many cases is very much the same, in various parts of the world. As you probably know, American Lawyers Company takes us around the world to various conferences and association meetings. I speak with people everywhere I go. And based on what I hear, it seems that the most pressing issues universally in our collections industry are the extension of credit, current economic circumstances and government regulation and compliance. We are all facing similar challenges, and we can learn from one another how to best address them.

Thomas W. Hamilton

 Industry News

10 principles for how and when to use mediation
Corporate Counsel
As a general notion, no one can seriously dispute the premise that most legal disputes are best resolved outside of the public judicial system. Poorly funded courts, jurists with disparate levels of experience, unpredictable jury verdicts, ever-increasing legal expenses and long delays at the courthouse doors have led many to conclude that there must be a better way. Has alternative dispute resolution solved the shortcomings of our courts?
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How to succeed in your 1st year of practicing law
The Legal Intelligencer
Did you just take the bar exam? If so, you may be only a few weeks away from starting your first job as an attorney. For many recent graduates, the anticipation of starting your career can be both exciting and nerve-wracking. Although it might be difficult to predict your professional future, in this article are a few tips that will help you succeed in your first year.
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6 creative ways to stay relevant in the job market
Inside Counsel
In today’s competitive legal market, lawyers are more disposable than ever. According to the 2014 Report on the State of the Legal Market by Georgetown Law and Peer Monitor, “The legal market has become much more intensely competitive than it was five years ago.” And according to a recent article in the American Bar Association’s Bar Leader, the legal market has lost 54,000 jobs since 2004.
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The heavy costs of the government's partnership with debt collection agencies
National Consumer Law Center
The U.S. Department of Education refers every eligible defaulted student loan debt to private debt collection agencies. Collectors are hired not only to collect money, but also to communicate with borrowers about options to resolve their debt, creating a conflict of interest. Promoting paths to success for these borrowers is ultimately less costly for taxpayers, yet the Department hammers borrowers with draconian collection tools.
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The 5 minute skinny on understanding letters of credit
James O'Brien Associates
As global trade continues to forge ahead, especially to countries where credit information is scarce, export letters of credit are another tool in your credit risk management tool box that can help facilitate an overseas transaction. Like every tool, it is not a perfect and although it may have many benefits in trying to assure that you will be paid by your customer, it can also have several pitfalls.
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5 ways to prevent overdue accounts
Establishing relationships with clients and customers who have bad credit histories may cost you business. However, you can take steps to protect your interests. The following suggestions in this article may help accounts get paid on your terms instead of your customer’s terms.
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Upcoming Events

Sept. 25-27, 2014
FENCA European Collection Congress
Radisson Blu - Dubrovnik, Croatia

Oct. 8-11, 2014
National Conference of Bankruptcy Judges National Meeting
Chicago, Illinois

Oct. 9-11, 2014
Inaugural Conference for the Commercial Collection Agencies of America
Marriott/Residence Inn - Delray Beach, Florida

Oct. 22-25, 2014
National Association of Retail Collection Attorneys Fall Collection Conference
The Wynn - Las Vegas, Nevada

Complete schedule of events


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