Contingency fees realized after the dissolution of a law partnership are subject to distribution in accordance with each partner’s share in the net profits, a Pennsylvania appellate court has ruled in affirming the grant of a new trial.Read More »
Efforts by the American Association for Justice to reverse a 15-year-old tax policy prohibiting lawyers in contingency-fee cases from deducting litigation costs as business expenses in the year in which they are incurred is drawing fire from members of the ...Read More »
As the year comes to a close, here’s a look back at 10 of the most ground-breaking decisions issued by federal and state courts in 2009.
Tagged with: contingency fees drunk driving Fair Debt Collection Practices Act Hurricane Katrina medical monitoring preemption product liability retaliation same-sex marriage Sarbanes-Oxley Title VII tobacco litigation workplace privacyRead More »
WASHINGTON – The American Association for Justice is pushing back against what it calls “inaccurate and purposefully misleading” reporting in a newswire story about a bill that would allow attorneys to deduct certain expenses and costs in contingency fee cases ...Read More »
Legislation filed earlier this year that would amend the Internal Revenue Code to allow attorneys to deduct certain expenses and costs in contingency fee cases up front is stalled in Congress - and won't move unless it can be attached to a bigger tax bill.Read More »