Sometimes it’s nice to focus on the good news. Below are some positive happenings for Social Security disability, personal injury and FDCPA attorneys.
Every year, I review what has changed to some key statistics for Social Security attorneys. Here are my previous posts from 2015 and 2014. When I last analyzed these statistics, the metrics had stabilized after consecutive years of negative trends to Social Security law firms. If 2015 was refreshing because the metrics stabilized, 2016 was quite positive for SSD lawyers, as some key statistics increased in the favor of disability attorneys and advocates.
Many disability attorneys and advocates interact with hundreds if not thousands of disability claimants every year. Through these interactions disability representatives inevitability create a mental model of the typical disability recipient and the disability system. Let’s see how much you know about Social Security disability.
From SSA fiscal year 2015 (09/27/2014 through 09/25/2015) to SSA fiscal year 2016 to date (09/26/2015 through 06/24/2016) the combined partially and fully favorable Social Security approval rate has increased from 53.4% to 54.6%. The following posts contain similar data from 2014 and 2015. The below sections contain more granular data from FY 2016 that sheds light on what contributed to the increase in approval rate.
In late 2014, we published a blog analyzing the profitability of Social Security disability attorneys and advocates at the hearing level. Now, we've set out to revisit the topic and outline what has changed in the past 18 months.
To recap: Back in late 2014, many Social Security disability attorneys saw a decrease in hearing level profitability due to a 3.57% decrease in the hearing approval rate.
Based on the popularity of our previous blog post on Social Security approval rates by state and ODAR we decided to revisit the subject. The SSA reports approval data on a fall to fall basis. The below data covers 09/27/2014 through 09/27/2015. Overall the favorable approval rate has been pretty consistent over the last year. In a similar period in 2014, the approval rate (combined fully and partially favorable) was 53.73% vs 53.41% in 2015.
A steady flow of clients is often an obstacle for many businesses. Whether you currently own a law firm or are exploring starting a Social Security disability practice, you will need more clients. There are many ways to get more Social Security cases for your firm that will yield varying degrees of profit. To maximize your marketing investment, it is critical to track your ROI. Below are three effective ways our clients have reported obtaining more disability cases.
eGenerationMarketing is so excited to visit Arlington, VA for the upcoming National Organization of Social Security Claimant Representatives (NOSSCR) conference between May 5th – May 8th. We haven’t done any work and instead we compiled this guide to ensure a fantastic Social Security disability conference. We are not affiliated with NOSSCR.
February 27, 2015 marks the sixth birthday of eGenerationMarketing. The past six years have been an incredible learning experience, during which we have generated well over one million legal case leads and taken a basic idea into a company on which 200+ legal firms rely for a steady stream of new cases. When we initially started generating Social Security Disability leads six years ago, the legal lead generation landscape was notably different.
Over the last year, we have received countless calls from Social Security Disability attorneys and advocates stating that they are not making as much money as compared to previous years. As a business that connects potential claimants to attorneys, we constantly track the ROI as a result of using our service. Thus, we were determined to uncover if and why Social Security law is less profitable than in past years. While we acknowledge that there are many metrics that affect profitability prior to a hearing, this article will focus specifically on the profitability of claims that make it to the hearing level.