After the Pandemic: The One Thing Private Investigators Must Do
Spoiler alert: Adapt.
But before I ponder the future, I want to share some history.
During my nearly 20 years as a private investigator, I’ve ridden several waves of business.
Your mileage may vary.
When I became a private investigator in 2001, disability insurance surveillance was at the end of its business cycle for the firm I joined. For years before, disability insurance had been the lucrative bread and butter of a lot of investigative firms, but at some point in the 1990s, competition grew fierce, hourly rates stabilized (and in some cases contracted) and things eventually went away. The work that remained in disability insurance surveillance wasn’t like it used to be, and the firm I worked for eventually lost all its work to hourly-rate firms that charged lower fees and were willing to do one-man surveillance jobs. (I’ve completely oversimplified this, but you get the point.)
After a rash of corporate fraud in the early 2000s from the likes of Enron, Worldcom and Tyco, class action lawsuits became all the rage. The firm I worked for took on hundreds of cases, conducting thousands of interviews relating to class action lawsuits – that is, until some law firms specializing in this area started …read more