I often coach plaintiff lawyers on financial topics during my webinars and in-person presentations. One of my favorite bits of advice is for the partners at contingent-fee law firms to pay themselves sufficiently in order to build net worth outside of their law firm. There are far too many dedicated, hard-working and brilliant trial lawyers who, frankly, are broke.
One of the tactics I have seen many lawyers use to help build net worth, smooth-out income and manage tax liabilities is to structure legal fees over time. My friend, John Bair, is very knowledgeable on this topic. Click here to learn more from John.
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