Category Archives: Structured Attorney Fee

Year End Cash Flow Planning

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.
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Pre-Settlement Attorney Loan and Post-Settlement Attorney Fee Funding Market?

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

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Trial Lawyers Lack Leverage

Trial Attorneys are caught in an endless cycle of interest free loans to their clients. Worse yet they are using after tax dollars to fund these interest free loans. Continue reading

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Are you using after-tax dollars to fund your practice?

The tax benefits of structuring attorney fees can be even greater. Structured settlements for plaintiffs are usually completely tax-free, unlike most investment income, making them an obvious choice for those with expensive long-term care needs. Structured attorney fees, meanwhile, offer the advantage of spreading out your tax burden over the life of your payments. Because the money is taxed as it arrives, rather than in one lump sum, spreading it out offers you the chance to move to a lower tax bracket, taxing the income at a lower rate than it would otherwise have been. Continue reading

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Big Jackpots, Bigger Tragedies

A great article reminding us why Structured Settlements are an important tool to protect plaintiffs from NSSTA (National Structured Settlements Trade Assoc) Think a large cash windfall means no more financial worries? Think again. Celebrities, lottery winners, and even victims … Continue reading

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Plaintiff Lawyers – Manage your business as well as you manage your cases.

Most trial lawyers should consider bringing in business expertise as their time is best spent litigating cases. You may be at a level that requires a full time CFO or just a part-time off-site CFO to manage your firm’s financial growth and cash flow management. You always hire experts to advise and help maximize your clients cases why not afford yourself the same benefit. Sometimes all you need is an expert to use as a sounding board as you deal with the challenges of an unstable market while other times you will may need outside expertise to guide your firm to the next level. Why waste your time and valuable resources on inefficient or nonexistent management? Challenge yourself, your firm to be a strong business first and power your practice to the next level. Continue reading

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Lawyers can Receive the Benefit of Leverage

If you use the profits from your cases — your own money — to finance your next case, you’re using after-tax dollars. Continue reading

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