![\"wolfimschafspelz\"](\"https:\/\/www.lhr-law.de\/wp-content\/uploads\/2014\/07\/wolfimschafspelz.jpg\")
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Already in 2014 we reported on several cases in which “investor protection associations” had used dubious methods to advertise towards potential clients.<\/p>\n
Numerous nearly identical cases \u2013 the legal expenses insurance pays \u2013 regardless of success<\/strong><\/p>\n Investment law is a lucrative field for business-minded lawyers. Due to usually high investment sums an accordingly high number of potential clients exists whose \u201eservice\u201c, because of the comparability of the cases, does not require individually co-ordinated work of lawyers but is instead often \u201caccomplished\u201d by using prefabricated letter and statements of claim.<\/p>\n Adding to this, many investors have a legal expenses insurance which covers the attorney’s fees \u2013 regardless of their success. We already reported a stark case here: \u201cAnlegerschutzkanzlei\u201d macht mit 3.500 nahezu identischen und erfolglosen Klagen 6,6 Millionen Euro Umsatz.<\/a><\/p>\n The worried “consumer protection association”: In fact, a vehicle for attorney advertising<\/strong><\/p>\n As the professional law of Attorney Advertising sets certain limits, most doubting investors are not fooled easily, quickly recognize confidence tricks and wont \u201ctake the bait\u201d, some colleagues try to give their advertising the guise of a “protective association”, which in reality is not one, to gain credibility. This approach has already been banned in the past by the district court Hamburg: LHR erwirkt Werbeverbot gegen \u201cAnlegerschutzanw\u00e4lte\u201d wegen nicht existenter \u201cSchutzgemeinschaft\u201d<\/p>\n But there are actually existing associations that have consumer protection written on their flag but in reality also only serve as a platform for lawyers’ mandate advertising.<\/p>\n