How Long Before Financial Advisors Rating Site Gets Sued?

from the the-rating-game dept

Back in June, the launch of Avvo, a site for rating lawyers, was met with a lot of controversy. Lawyers aren't used to being rated as if they were any other good on the market, and it didn't take long before the site was sued by one lawyer unhappy with his ranking. Now a similar site is getting set to launch, except this time it will focus on financial advisors, another group which isn't used to much scrutiny. It's not clear whether or not this will prove particularly useful, but hopefully the site has some money socked away for legal fees, since it's only a matter of time before one disgruntled advisor sues after a bad rating.

Filed Under: ratings


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  1. identicon
    Anonymous Coward, 29 Aug 2007 @ 4:26pm

    Weak idea

    I think you'll find complaints but very few positive postings.

    Satisfied clients (patients, customers) don't go looking for ways to shout about their experiences; but dissatisfied ones do.

    Worse than that, there will always be some clients who will be unsatisfied due to unreasonable expectations.

    Some positives will come from lawyers planting posts under assumed names.

    I don't think the site will work out the way the owners think it will.

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