Pressler, Felt & Warshaw, LLP
Pressler, Felt & Warshaw, LLP is a Parsippany, NJ-based law firm founded in 1930 that specializes in creditor's rights and retail debt collection for national credit card companies in New Jersey and New York, using a proprietary software platform managing over 1.5 million accounts.
- Company typePrivate
- Founded1930
- HeadquartersParsippany, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Pressler, Felt & Warshaw, LLP does
Pressler, Felt & Warshaw, LLP is a Parsippany, New Jersey-based law firm founded in 1930 that specializes in creditor's rights and retail debt collection, with operational licenses extending into New York City and Yonkers. The firm's practice is focused on serving national credit card companies and other creditors seeking to recover consumer debt in the New Jersey and New York state court systems. Operations are managed by partner Sheldon H. Pressler, with the firm operating under the DBA "Pressler & Pressler" in certain jurisdictions. The firm employs 300+ staff including 19 attorneys, indicating a high-volume, operations-heavy model rather than a boutique legal practice.
The firm's core differentiator is a proprietary in-house collections software platform that manages over 1.5 million accounts and integrates electronic court filing capabilities, including serving as a beta site for the New Jersey Supreme Court e-filing system. The software automates diary and tickle protocols for case workflow management, enabling the firm to process large account volumes that would be uneconomic under manual systems. This technology infrastructure represents decades of accumulated customization for the specific requirements of creditor's rights practice in NJ and NY courts.
The business model is professional services revenue earned through contingency fee arrangements on debt recovery, scaled by the volume of accounts placed by creditor clients. Revenue mechanics are tied to portfolio recovery outcomes rather than hourly billing, meaning cash flows correlate with collection rates on the 1.5M+ managed accounts. The firm has historically engaged in regulatory advocacy — successfully lobbying to reduce New Jersey judgment docketing costs from $25 to $5 — to lower its own operational cost structure and improve the economics of debt recovery in its core jurisdiction. The go-to-market is anchored on long-standing relationships with national credit card issuers and creditor-side institutional clients operating in the NJ/NY corridor.
Pressler, Felt & Warshaw, LLP firmographics
Firmographics- Name
- Pressler, Felt & Warshaw, LLP
- Legal name
- Pressler, Felt & Warshaw, LLP
- Website
- https://pfwattorneys.com
- Company type
- Private
- Founded year
- 1930
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Pressler, Felt & Warshaw, LLP is a Parsippany, NJ-based law firm founded in 1930 that specializes in creditor's rights and retail debt collection for national credit card companies in New Jersey and New York, using a proprietary software platform managing over 1.5 million accounts.
- Ownership category
- akta.pro rank
Pressler, Felt & Warshaw, LLP industry classification
Industry- Product category
- Legal Debt Collection Services
- NAICS
- Legal Services (5411), Collection Agencies (561440)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Legal Collections & Litigation Support (Judgments, Garnishments) (FSAKAJAD)
Keywords
Where Pressler, Felt & Warshaw, LLP is headquartered
LocationHeadquarters
- HQ city
- Parsippany
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pressler, Felt & Warshaw, LLP business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Legal Services for Debt Collection: Professional legal services for creditor's rights and debt collection, including retail collections, skip-tracing, and asset location. Services provided to national credit card companies and other creditors in New Jersey and New York.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels1 record
Pressler, Felt & Warshaw, LLP product offering
Product offeringCore offering
Pressler, Felt & Warshaw, LLP is a creditors' rights law firm providing debt collection legal representation to creditors (primarily national credit card companies) in New Jersey and New York. Services include retail collections, skip-tracing, asset location, judgment recovery, and electronic court filing, all supported by a proprietary in-house collections software system managing 1.5 million+ accounts.
Product overview
Pressler, Felt & Warshaw, LLP offers a single unified proprietary collections platform as its core product, complemented by a Client Access Portal sub-product. The collections platform is a purpose-built, in-house system with real-time data capabilities, an automated diary/tickle protocol for case follow-up, and an advanced database architecture supporting over 1.5 million accounts with full documentation. The Client Access Portal enables clients to log in to view account-level and portfolio-level data, functioning as the primary user-facing interface to the platform.
Differentiator
Problem solved
Functional benefit
Products and services
- Retail Collections Legal Representation Legal representation for creditors — primarily national credit card companies — in pursuing retail consumer debt collection through litigation in New Jersey and New York courts.
- Skip-Tracing and Asset Location Locating defendants and identifying their assets to enable recovery efforts on behalf of creditor clients, leveraging the firm's internal database of 1.5 million+ accounts and related documentation.
- Judgment Recovery and Enforcement Post-judgment enforcement work for creditor-clients, including electronic transmission of Complaints, Motions, and Executions to Court computers via the firm's electronic filing system.
- Client Access Portal (paypressler.com) Secure online portal providing creditor-clients with account-level information access and customizable portfolio-level data views on their collection matters.
Quantifiable outcome
- Electronic court filing improves response time for docket numbers, service dates, and court information
- +1 more outcomes
Companies that use Pressler, Felt & Warshaw, LLP
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Pressler, Felt & Warshaw, LLP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Pressler, Felt & Warshaw, LLP partnerships and signals
Strategic signalScale indicators4 records
Recent moves4 records
Expansion highlights4 records
Pressler, Felt & Warshaw, LLP competitors and assessment
Company assessmentDirect peers
- ConServe: ARM and collections agency providing debt recovery services to higher education, government, and commercial clients. Comparable in providing third-party collections with technology-enabled workflows.
- Stern & Eisenberg: Mid-Atlantic creditors' rights and collections law firm. Comparable to PFW as a similarly positioned legal collections firm with a multi-state footprint serving banks, credit unions, and credit-card issuers.
- Wolpoff & Abramson LLP: Specialized creditors' rights and retail debt collection law firm serving creditors nationwide. Closely comparable to PFW in business model (legal debt collection with proprietary technology) and client base (credit-card issuers and consumer creditors).
- Williams & Fudge: Specialized third-party collection agency serving higher education and consumer creditors. Comparable to PFW in the outsourced debt recovery function, though more agency-driven than legal-driven.
Broad incumbents
- Encore Capital Group: Publicly traded specialty finance company acquiring and recovering consumer receivables. Comparable in the consumer debt recovery value chain, though Encore is a large debt buyer rather than a contingency collections law firm.
- AFNI: Major consumer-focused ARM firm offering collections, customer care, and BPO. Comparable as a broad incumbent serving the same creditor base with a wider service portfolio than PFW.
- PRA Group: Publicly traded global financial services company specializing in portfolio acquisitions and debt recovery. Comparable at the business model level (consumer debt recovery), though PRA operates as a debt buyer at much larger scale.
- Transworld Systems Inc. (TSI): Large-scale ARM and debt recovery platform serving creditors across multiple verticals. Comparable as a broad incumbent offering collections services to similar creditor clients but at significantly greater scale.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights6 records
Customer concentration
Pressler, Felt & Warshaw, LLP social profiles
Digital presencePressler, Felt & Warshaw, LLP financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pressler, Felt & Warshaw, LLP leadership team
Management profileNumber of profiles
Profiles1 record
Pressler, Felt & Warshaw, LLP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pressler, Felt & Warshaw, LLP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pressler, Felt & Warshaw, LLP
What does Pressler, Felt & Warshaw, LLP do?
Pressler, Felt & Warshaw, LLP is a creditors' rights law firm providing debt collection legal representation to creditors (primarily national credit card companies) in New Jersey and New York. Services include retail collections, skip-tracing, asset location, judgment recovery, and electronic court filing, all supported by a proprietary in-house collections software system managing 1.5 million+ accounts.
Is Pressler, Felt & Warshaw, LLP a public or private company?
Pressler, Felt & Warshaw, LLP is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Pressler, Felt & Warshaw, LLP founded?
Pressler, Felt & Warshaw, LLP was founded in 1930. It employs 11 to 50 people.
Where is Pressler, Felt & Warshaw, LLP based?
Pressler, Felt & Warshaw, LLP is headquartered in Parsippany, United States, in the North America region.
How does Pressler, Felt & Warshaw, LLP make money?
One revenue line is on record: legal Services for Debt Collection.
Who are Pressler, Felt & Warshaw, LLP's main competitors?
Direct peers on record are ConServe, Stern & Eisenberg, Wolpoff & Abramson LLP and Williams & Fudge. Broad incumbents are Encore Capital Group, AFNI, PRA Group and Transworld Systems Inc. (TSI).
Does Pressler, Felt & Warshaw, LLP have an API?
No public API is recorded for Pressler, Felt & Warshaw, LLP.
What industry is Pressler, Felt & Warshaw, LLP in?
Pressler, Felt & Warshaw, LLP's product category is Legal Debt Collection Services. Its primary akta.pro industry code is FSAKAJAD, Legal Collections & Litigation Support (Judgments, Garnishments). Its NAICS code is 5411 and its SIC code is 7320.