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Tax

Nov. 11, 2024

Navigating litigation funding requires a thorough and careful tax strategy

Litigation finance is a legitimate way for lawyers and plaintiffs to receive nonrecourse cash, but it's important to consider taxes when striking a deal or later when filing tax returns.

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

www.woodLLP.com

Wood is a tax lawyer at Wood LLP, and often advises lawyers and litigants about tax issues.

See more...

Navigating litigation funding requires a thorough and careful tax strategy
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Lawyers and plaintiffs often need cash, and litigation finance serves a legitimate role in providing it. Litigation funders offer nonrecourse money, so if the case (or cases) go bust, the lawyer and plaintiff are not required to repay the funder's advance. Lawyers may seek funding, their clients may seek it, or each may participate. Some deals focus on a single case and some involve a portfolio of cases.

Many people wonder abo...

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