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If you need a Legal Services Plan or
Identity Theft Shield plan,
Call Jerry Lucas, CEO, at ABC Benefit Services
(LLC), (719) 591-0433,
an Independent Associate for Pre-Paid Legal Services.
Visit
our website at ABC
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Family plans, business plans, and employee benefit plans
available.
Real Estate Issues Tops List of Pre-Paid Legal Services
Requests for First Half of 2010
ADA, OK -- Real estate-related issues was the leading
legal service request among members (customers) of Pre-Paid Legal Services, Inc.
(NYSE:PPD) during the first half of 2010 followed by 2) consumer finance, 3)
family law, 4) collections and 5) estate planning. The top five legal service
requests for the first six-months of the year is based on the total volume of
approximately 1.1 million member requests for legal services to the 40
independent provider law firms that assist Pre-Paid Legal members throughout the
U.S. and four provinces of Canada.
"The top legal service requests from Pre-Paid Legal Services members for
the first half of 2010 are the same as for the entire year in 2009," said
Pre-Paid Legal's Founder and Chairman of the Board Harland C. Stonecipher.
"Our members continue to access a variety of legal services in response to
life issues brought on by a weak economy and high unemployment. Looking down the
list, from houses (real estate) to credit cards (consumer finance) to kids
(family law), the economy's domino effect is all too apparent," Stonecipher
said.
Of the total requests for legal services, the top five list accounts for 47
percent, or approximately 533,000 of the total legal service requests since
January 1 of this year. The remaining 597,000 requests were for a variety of
other legal services, such as traffic-related matters, employment issues,
criminal violations, bankruptcy and business issues.
By category, the top five legal service requests include:
Real Estate, Landlord/Tenant Issues, Foreclosure and Loan Modification -
Approximately 174,400 requests, or 15 percent of the total requests, were for
issues that include residential and commercial real estate transactions,
landlord/tenant disputes and legal counsel related to foreclosure, short sales
and loan modifications
Consumer Finance - Approximately 103,400 requests, or 9 percent of the
total requests, were for issues related to retail transactions for warranties,
guarantees and other contracts
Family Law - Approximately 97,700 requests, or 9 percent of the total
requests, were for legal services related to divorce, child support, child
custody and child visitation
Collections - Approximately 79,000 requests, or 7 percent of the total
requests, were for debt issues, including member support against other parties
and member defense against third-party debt collectors
Estate Planning - Approximately 78,000 requests, or 7 percent of the
total requests, were for services that include preparation of wills and other
counsel related to final estates
Robert W. LoPresti, a partner with Los Angeles-based Parker Stanbury, LLP
(http://www.parkstan.com/) says it is no surprise that real estate issues tops
the list of legal services requests both nationally and for the State of
California.
"When the real estate bubble burst, it created an outpouring of requests
for legal services related to foreclosure, loan modification and landlord tenant
issues," LoPresti said. "In the first six months of this year, Parker
Stanbury has responded to an estimated 240,000 requests for legal services from
Pre-Paid Legal members, and more than 50,000 of these requests concerned real
estate issues," he said.
Parker Stanbury, LLP has provided legal services to PPD members in the
California market for the past 14 years.
Richard A. Campbell, a partner with Atlanta-based Deming, Parker, Hoffman,
Campbell & Daly, LLC (http://www.deminglaw.com/index.html), says that many
of the legal issues found on the top five list are interconnected.
"Each of these legal issues begins and ends with money," Campbell
said. "Whether it's foreclosure, bankruptcy, consumer debt or family law,
it's about money and often the amount is significant. Considering the high cost
of traditional legal services, it's not surprising that people often delay in
dealing with these matters. By waiting to obtain quality legal advice, the
problems don't go away. They only grow larger," he said.
Deming, Parker, Hoffman, Campbell & Daly, LLC, has been Pre-Paid Legal's
Georgia provider law firm since 1990.
The PPD top five list of legal service plan requests is based on statistical
data collected from the provider law firms and shared with PPD. PPD maintains a
rigorous monitoring system and conducts surveys which provide feedback on the
customer service experience of PPD members with the provider law firms. This is
one of the distinguishing characteristics of PPD's "Provider Law Firm
Network System." The average tenure for provider law firms in the PPD
network is more than 12 years.
About PPD -- We believe our products are one of a kind, life events legal
service plans. Our plans provide for legal service benefits provided through a
network of independent law firms across the U.S. and Canada, and include
unlimited attorney consultation as well as will preparation, traffic violation
defense, automobile-related criminal charges defense, letter writing, document
preparation and review and a general trial defense benefit. We have an identity
theft restoration product we think is also one of a kind because of the
combination of outside vendors and our provider law firms.
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