Tax,
Civil Litigation,
Law Practice
May 29, 2019
When it comes to litigation funding, don’t forget about taxes
Lawyers may source money entirely for themselves, clients alone may seek it, or each may get some, depending on how the deal is structured. But one of the questions consistently facing clients and lawyers is how taxes will be handled.
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.
Lawyers and clients often need cash. Lawyers with contingent fee practices may need cash more than others, even very successful plaintiffs' lawyers. Clients hoping for a recovery also often need cash. There is also the element of risk. Lawyers and clients alike may want to lay off some of the risk of a case on someone else.
It can be nice to get some guaranteed money, even if the case does not turn out well. The litigation finance i...
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