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Author Archives: Bill Tilley
Structuring fees allows attorneys paid on a contingent-fee basis to recognize taxable income as they receive their periodic payments. The entire fee can be used to purchase periodic payments with pre-tax dollars, providing a greater initial investment and potentially reducing their overall tax burden.
The larger market, which provides loans and revolving lines of credit to law firms with a broad portfolio of cases that are in various stages of litigation, most of which are not yet settled. The smaller market, being post-settlements, where … Continue reading
Successful trial attorneys focus on winning their cases – which is how it should be. But too often, this focus on the meat of their work leads them to overlook an important business task: managing their money in a way … Continue reading
Alternative Litigation Finance in the U.S.: Where Are We and Where Are We Headed with Practice and Policy?
Great event that anyone involved or interested in the legal finance industry should attend. The RAND Institute for Civil Justice recently launched a research initiative to analyze and explore the convergence of law, finance, and capital markets in the United … Continue reading
Mark Robinson and Kevin Calcagnie have written a very powerful Op-Ed piece published in the Wall Street Journal. It is a fantastic piece and I think everyone should take the time to read. Why We Need Trial Lawyers The alleged … Continue reading
Post settlement funding is when one purchases an assignment of the right to receive an assigned portion of the settlement proceeds in return for providing immediate receipt of settlement funds. Continue reading
Law firms avail themselves of a secure source of funds that provides not only for future case development costs, but also for the recovery of monies already advanced on behalf of their clients. In the typical credit facility agreement, participating firms will be able to recover up to 100% of the amount of their case development costs in immediately available cash. The typical program produces many benefits for participating firms. Continue reading