What would you do with your money if you got it back? It’s your money! You earned it and paid taxes on it… so you can do whatever you want with it. Here are a few ideas…
Investments
The value of the cash you have tied up in case expenses is actually shrinking due to inflation. Plus, there is a very real opportunity cost of not investing that cash in an earning asset. As an example, the chart below shows the difference over time between leaving your cash in your cases at 0% return versus investing that cash in a tax-deferred investment account that earns 5%.
Why not use the cash that you free up by supporting one of these worthy causes?
- American Association for Justice Endowment
- American Association for Justice Leaders Forum
- American Association for Justice New Lawyers Division
- The Pound Civil Justice Institute
- Public Justice, America’s Public Interest Law Firm
- Take Justice Back
- College savings for your children
- Expand your firm
- Hire more staff
- Buy equipment
- Take on additional cases
- Advertise more
Or support your local and state trial lawyers associations.
- Alabama
- Alaska
- Arizona
- Arkansas
- California (CAOC)
- California (CAALA)
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii (CLH)
- Hawaii (HSBA)
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
