Many trial attorneys have a huge personal net worth — but are unable to use their money, because they continually use it as capital to fund their cases. When the litigation ends and they receive their fees, they are forced to take that money and put it right back into another case. Without the ability to touch that capital, some attorneys who are wealthy “on paper” are, ironically, unable to make one of the most important investments of their lifetimes — retirement savings. If you’re trapped in a cycle of financing cases or other business expenses with profits from a previous case, it makes sense to utilize leverage to free up your capital for a sensible investment in your future. Interest in some instances may be claimed as case expenses, making the borrowing effectively interest-free. With your improved cash flow you can begin to consider the option of attorney fee structures.
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