What is the Red Rubber Band policy?
Our services require timely payment on your invoices for work performed on your behalf. We operate on the “Thick Red Rubber Band” policy. Once legal fees and file expenses have exceeded the amount of the retainer and money is owed, the client will need to pay the balance due within five (5) days of receiving the statement. If payment is not received within this time, the Firm Administrator will bind the file with a thick red rubber band.
The thick red rubber band
In extreme cases, the debt will be turned over to our collection attorney, who will take the debt, including interest, to court, and the balance, along with all fees associated with the case, will be due. However, if payment or payment arrangements are made before the Firm drops the case, the Thick Red Rubber Band will be removed from the file and the Firm will continue to work on the case.