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Ventureburn Weekly Round-Up Features Taurus Capital
View this article on Ventureburn's website: https://ventureburn.com/2020/05/covid-19-and-african-tech-startups-roundup-22-04-2020/ A host of sector-specific funding options have been launched in South Africa. Law firms, advertising agencies and restaurants can all get...
Interview with CEO of Taurus Capital on CNBC Africa
View this content on the CNBC Africa website: https://www.cnbcafrica.com/videos/2020/05/18/how-this-r300mn-funding-for-sas-law-firms-works/ Due to Covid-19 restrictions, South Africa’s courts have limited proceedings to urgent matters only, hitting the pockets of law...
Personal Injury Firm Growth: Solving for a Chicken and Egg Scenario
Litigating personal injury matters on a contingency fee basis places a heavy cashflow burden on most firms in the short-term. For those practices that can sustain the protracted dips and gaps in liquidity, the long-game is financially worthwhile. The challenge in...
R300 million finance available for SA law firms
18 May 2020: Although a number of South African law firms have shifted to online consulting solutions, many are under financial strain due to the current delays and limitations at the courts, deeds office, Road Accident Fund and other legal bodies. Only urgent matters...
Law Firm Finance 101 – Tools to Limit Interest Expense on Third Party Funding
It is our recommendation that this article is read in conjunction with an earlier piece published on Taurus Capital’s website, titled, the Interest Tax Shield, dated March 16th, 2020. Funding your law firm To secure growth and earnings for a law firm and its partners,...
Law Firm Finance 101 – Sensible Vs. Senseless Debt
Many of us were raised on the maxim that “no debt is good debt.” However, you may be surprised to find out that, if used wisely, debt can be wealth generative rather than destructive. In fact, many of the world’s top performing companies use debt funding as a...
Law Firm Finance 101 – Interest Tax Shield
Every law firm’s managing partner knows that the key to success is having sufficient capital to fund the daily activities of his/her firm and to fuel future growth. The are only two forms of capital - debt and equity. Very simply, debt is a loan to a firm which is...
Law Firm Finance- The Cash Gap
Any business requires a steady flow of cash in order to continue functioning successfully. This applies equally to companies both large and small, cutting across all industries including law firms. While this basic principle may seem self-evident, it was one of the...
Law Firm Budgeting
Budgeting is one of the primary tools available to help manage your money - whether in your personal life or your law firm. The dreaded “B” word is feared by many as it is often associated with restrictions, headache and a sense of foreboding. However, a good budget...
Are you doing enough to meet your long-term investment goals?
In our experience, many attorneys are not. It’s more important than ever to safeguard personal finances and ensure that one’s investment portfolio is aligned with both long-term investment goals and short-term needs. Surprisingly, despite protecting their clients’ best interests, lawyers are often guilty of falling short when it comes to their own – albeit unintentionally.
Personal Injury Attorney | Return on Investment
Litigating personal injury matters on contingency basis can be expensive in the short-term, but financially rewarding over time. The challenge in growing a contingent litigation practice is the large expenses which need to be paid upfront to cover marketing costs as well as disbursements. Add to this the protracted cashflow cycle due to the courts and Road Accident Fund and the reality is that you could have significant funds locked up in matters for months and even years…
How to Finance your Legal Practice
A lawyer’s journey to a sustainable practice is arduous. Not every firms makes it, and much time and effort are required to grow to the next level. Whether it’s expanding into new offices, hiring additional staff, or funding new legal cases there will be a required upfront investment of time and money before seeing any returns.
The Business of Law
It is a misnomer to term any business a simple one, but the business of being a law firm can often be far more arduous than those of other industries. Phil Knight, the founder of Nike, famously said: “Business is like a war without bullets”. However, the business of law is even more taxing because the industry has an underfunded war chest.
Mediation and Mediation Funding
The disclaimer that all lawyers give their clients upfront in litigation is that litigation is lengthily, expensive, and without guarantee.
The Billable Hour – Litigation’s Scapegoat
The billable hour has been the ubiquitous billing model for litigation services in South Africa since anyone can remember.
The Signal of Disclosing a Litigation Funder
This article follows our article on the game theory of litigation and its “signaling events”.
Litigation Game Theory
Examining litigation and game theory is not a new concept. In South Africa, Taryn Neuhaus has written a fascinating paper titled “Game Theoretic Modeling of Litigation in Engineering Projects” (2015). This article presents some of her premises and conclusions, as well as those of the authorities and academics papers she has referenced.
Taurus Capital on CliffCentral’s Laws of Life with Garry Hertzberg
Litigation is expensive and comes with enormous risk. With litigation funding available in South Africa, the legal landscape has changed for those who would not normally have access to our courts. Simon Kuper and Gary Sweiden are in the CliffCentral studio with Garry Hertzberg to explain the concept.
Update: Litigation Funder Sinks News Organisation
Nick Denton, Gawker Media’s founder and CEO, announced that the company has reached a settlement with Hulk Hogan as part of an insolvency arrangement to settle Hogan’s jury award against the company.
The history of litigation funding
The worldwide rise of litigation funding began after the Global Financial Crises of 2008.
Litigation Funder Sinks News Organisation: Is this type of funding ethical?
Online media company Gawker Media filed for Chapter 11 bankruptcy protection in June 2016. The company is now in the process of auctioning off its assets to the highest bidder.
Taurus Capital Q & A
WebGap’s Clayton Timcke sat down with his newest client Taurus Capital and its founders Simon Kuper and Gary Sweidan to ask a few questions about Taurus Capital, its services, and litigation funding in South Africa.