You’ve just won a big case for your client and you are anticipating a sizable fee for your good work. The question becomes: how do you best manage this income? If you are like most attorneys, the temptation is to add it to the firm’s bank account and think about what to do with it later. There is another option that may be more prudent—structuring your fees.
Here’s a link to an article I prepared for the Orange County Bar Association’s Orange County Lawyer. It discusses the steps and benefits of structuring attorney’s fees. I hope you find it helpful.
– Pat Farber
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