Tag Archives: structured fees

Trial Lawyers Lack Leverage

Posted on August 18, 2009 by Bill Tilley

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?

Posted on July 6, 2009 by Bill Tilley

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

Posted on April 28, 2009 by Bill Tilley

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

Posted on March 2, 2009 by Bill Tilley

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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Focused solely on winning the case, don’t forget the business side of contingent litigation

Posted on February 14, 2009 by Bill Tilley

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 that optimizes the availability of capital. Continue reading →

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Retirement Solutions Unique to Contingent Lawyers

Posted on February 13, 2009 by Bill Tilley

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. Continue reading →

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Various ways to fund a contingent law firm.

Posted on February 4, 2009 by Bill Tilley

Options:out of cash flow, borrow from traditional bank, partner with larger firms, Continue reading →

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Are you funding your practice with After-Tax dollars?

Posted on January 24, 2009 by Bill Tilley

……paying taxes on phantom income. Since these contingent advances are not deductable, as such the funds that you invest in cases ends up flowing through as income. Continue reading →

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Is it inefficient to borrow when funds are available?

Posted on January 7, 2009 by Bill Tilley

Many firms believe that it is inefficient to borrow funds for case development costs when they can afford to make such advances out of pocket. However, such is not the case. Most law firms are investing ever larger sums of … Continue reading →

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Trial attorneys and Retirement

Posted on December 26, 2008 by Bill Tilley

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 … Continue reading →

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