The business model for a litigation law firm is often fraught with uncertainty — periods of big wins and big payouts as well as slow times with little or no income. One tool to even out cash flow, better manage the ups and downs of a litigation practice and prepare for an attorney’s future financial needs is structured attorney fees.
Sometimes, life throws us curveballs that we can never expect or prepare for. Such was the case for Russ, one of my clients. Russ’ wife was in a terrible auto accident in 1996 and it turned their world upside down. This is a story about how a structured settlement helped him get through his family’s nightmare.
Structures are used in a variety of injury cases. The most common involve wrongful death, (especially if a surviving spouse or children need income), temporary or permanent disability and severe injuries with shortened life expectancy.