2009-01-13 01:15:03 -
A recent survey by Total Attorneys, the premier provider of managed services for small law firms, found that a large majority of people interested in filing for bankruptcy list the health of the U.S. economy and the survival of federal entitlement programs as top concerns, and more than half believe they are "worse off" or "significantly worse off" financially than
they were a year ago.
According to the survey results released today by Total Attorneys, more than 45 percent of respondents said the U.S. economy, inflation and the stock market top their list of economic concerns. The next greatest concern to survey respondents was the survival of Social Security and Medicare at a little more than 25 percent, followed by "Job Creation" at about 22 percent.
In addition, almost a third of respondents said they were affected by a job loss or wage reduction, and nearly 60 percent said they were "worse off" or "significantly worse off" financially than they were a year ago. Approximately 80 percent of respondents said one or more family members or friends have considered bankruptcy as an option within the last year.
"The struggles people are facing are very real and very difficult," said Kevin Chern, Total Attorneys President. "In tough times, having proper and capable legal counsel to help overcome the challenges is an important option. We are committed to providing small law firms with the comprehensive back-office support that will allow them to effectively and compassionately serve clients facing life-altering issues such as bankruptcy, divorce, personal injury and criminal defense."
The unscientific survey was sent to more than 3,000 subscribers to the Total Attorneys Bankruptcy newsletter in November. Nearly six percent of all subscribers voluntarily responded to the e-mail survey. More than 580 subscribers opened and reviewed the survey, with 30 percent of them choosing to participate. Edmund Scanlan, the founder and CEO of Infra-Strategy, the parent company of Total Attorneys, called the survey "a unique perspective on the troubled economic times."
"The Internet allows us to reach out quickly and take the pulse of the times," Scanlan said. "Subscribers to our newsletter are people who study their options and make informed decisions. Their responses give us a more focused view of one area of the economy that broad-based surveys cannot reach at the same depth in a timely way."
Copies of the survey questions and the tabulated results are available by request by contacting Erin Muldoon at (847) 279-0022 x240 or
erin.muldoon@techimage.com.
About Total Attorneys
Total Attorneys, an Infra-Strategy company, is a managed service provider that helps small law firms improve operations, save money and grow their businesses. Through the company's Software-as-a-Service platform, it offers a broad range of evolving services tailored to the needs of small law firms, including legal process outsourcing, search engine marketing, a professional call center, CRM solutions and answering services.
Founded in 2002, Infra-Strategy has seen revenue grow more than 1,400 percent over the past three reporting years, and the company now has more than 1,100 customers across the U.S. This explosive growth led to Infra-Strategy's inclusion in the 2008 Inc. 5000 list of fastest-growing private companies in the U.S., ranking eighth in the region that includes Chicago, 23rd in the business services category, and 169th overall in the U.S.
For more information, visit www.infra-strategy.com or www.totalattorneys.com.
Media Contact:
Erin Muldoon
Media Relations Manager, Tech Image
847-279-0022 x240
erin.muldoon@techimage.com