Contingency based collection means that payment for our work is contingent upon our success. If we are unsuccessful in our attempts to collect, it costs you nothing.
When Todd approached me, I offered him a trial as one of the firms we used. A year into the scheduled 18-month pilot, he had delivered impressive results. His firm was collecting two to three times as much as the average of the other four law firms we used in Ontario. We dismissed the lowest performing law firm, giving all its business to Todd’s firm. At the end of the 18 months, we boosted Christensen Law Firm’s share. . . to 80 percent, the maximum we will allow.
Collection agencies are specifically prohibited by the Collection Agencies Act in Ontario from adding any collection costs to a debt they are collecting. Lawyers are excluded from this legislation therefore, it is within a law firm's right to recover full costs for it's clients.