Owner renting websites to asbestos firms
NEW YORK (Legal Newsline) - The owner of three websites with asbestos litigation-related names is putting space up for rent to the asbestos law firms.
Stephanie Torain says the websites could be a lucrative investment for any asbestos attorney interested in finding leads on cases. She says she created the sites to offer free case evaluations to victims considering filing a lawsuit.
The sites are Asbestoslawsuitshelp.com, AsbestosLawyerinfo.com and MesotheliomaLawsuitinfo.org.
"Law firms are competing all the time to get asbestos and mesothelioma cases," Torain said in January. "These specific cases can generate millions in compensation. That's the reason why I decided to develop these websites and offer exclusive leasing services.
"Now that these websites are ranked in the top results of Google, I think that any law firm interested in the offer will be able to get more visibility, more leads but also brand itself as an authority for asbestos and mesothelioma lawsuit cases."
Torain says she will put the law firm's name and phone number on the sites, which she say are listed in the top results of Google searches for the terms "Asbestos Lawsuit" and "Mesothelioma Lawsuit."
Attorney Ted Frank, an adjunct fellow with the Manhattan Institute's Center for Legal Policy, says asbestos firms have the money to spend on sites like Torain's because they are ripping off clients.
"The profitability of Internet sites like this shows how much lawyers are overcharging their asbestos clients," he said.
"If fees were not supracompetitive, there would be no incentive to pay exorbitant rates for domain names that are temporarily at the top of Google search results."
Asbestos cases are usually filed on a contingency fee basis, with attorneys claiming up to 40 percent of any reward.
From Legal Newsline: Reach John O'Brien by e-mail at email@example.com.