Tips for Making Sure You Comply with Your Ethical Obligations

Attorneys are generally aware of the ethical obligations they have toward their clients and they take them seriously. However, law firms don’t simply assume that their lawyers are complying with their ethical obligations and they take steps to assist them whenever ethical issues arise, and, in some cases, help minimize the potential harm facing the client, attorney, and firm. A law firm’s efforts in helping its attorneys and partners comply…

Read more »

Lawyers Need to Know About the ABA’s Changes to Attorney Advertising Rules

Practicing law is essentially a business, and as one aspect of this business, most lawyers and law firms engage in marketing and advertising to increase their market share or get new clients. In the age of social media, though, the ethical rules that govern advertising can sometimes be strict and hard to understand. The ABA recently approved a series of changes to Model Rules 7.1 through 7.2, which are the…

Read more »

New Litigation Settlements Tax, Legal Fees No Longer Deductible

Beginning with January 1st, 2018, some changes to the tax code have changed how settlements are taxed and many plaintiffs will now be taxed on their gross recoveries, while attorney fees will no longer be deductible. For example, a plaintiff who settles for $100,000 will be taxed on that amount, regardless if they pay their lawyers $40,000 or more. In cases with bigger recoveries, the situation can look a lot…

Read more »