Dec. 27, 2013
What lawyers should know about structured legal fees
Every lawyer should know what a structured fee is and what it is not.
Robert W. Wood
Managing Partner
Wood LLP
333 Sacramento St
San Francisco , California 94111-3601
Phone: (415) 834-0113
Fax: (415) 789-4540
Email: wood@WoodLLP.com
Univ of Chicago Law School
Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.
A "structured legal fee" sounds like a Wall Street product. Actually, it is largely a creature of the life insurance industry. Every lawyer should know what it is and what it is not.
To start, only plaintiffs' lawyers can take advantage of structuring their fees. Defense lawyers cannot, although they still need to know how fee structures work. After all, defense lawyers and their defendant clients will be asked to accomm...
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