Insights
SPECIALIST THINKING
Driver behaviour has to change!
Smile FM chatted to our CEO Elad Smadja about the RAF process.
Algoa FM chatted to our CEO Elad Smadja.
They spoke about how RAFPay is helping RAF claimants with an upfront cash advance on their court orders.
Our CEO, Elad Smadja wrote an insightful article for CFO South Africa.
Litigation funding has always been viewed as an option for companies who don’t have the funds to litigate, but in the article, he explains why there is a trend for companies with a healthy balance sheet to make use of litigation funding.
eNCAnews news anchor, Tumelo Mothotoane spoke to Taurus Capital about litigation funding
Taurus Capital Director, Simon Kuper, explained how businesses who have high value commercial cases can litigate cost-free and risk-free and rather focus their resources on income generating activities within the business.
Watch Taurus Capital Director, Simon Kuper’s interview on SABC
Litigation funding is an investment in a claimant’s litigation in return for a share of the proceeds provided the claim is successful and recovery is made. Watch the interview to understand more.
SAFM interview with Simon Kuper on Litigation Funding
Taurus Capital understands the demand for litigation funding, particularly for those whose cases rarely see the light of day due to financial constraints.
Moneyweb listeners find out more about Taurus Capitals litigation fund
Our co-founder and Director, Simon Kuper was interviewed on Simon Brown’s Moneyweb podcast to discuss the launch of our R80 Million litigation fund
R80 million litigation fund now available.
Taurus Capital, has announced the availability of an R80 million litigation fund. The fund was raised to provide litigants with an alternative means to finance their litigation.
RABS Bill Dismissal
Taurus Capital joins APRAV in their celebration of the Parliament’s Portfolio Committee on Transport’s decision to reject the proposed RABS bill. We support APRAV’s efforts to help rebuild the RAF into a sustainable, impactful entity and look forward to supporting the...
Insights into the World of Debt Recovery: An Interview with Kannigan Attorneys Incorporated
We were privileged to recently interview one of Taurus Capital’s esteemed clients, Kimmona Kannigan, Director of Kannigan Attorneys Incorporated. Our discussion focused on the widespread impact of Covid-19 and the subsequent lockdown on the legal industry, and debt...
Taurus Capital Personal Injury Webinar Recording
Taurus Capital hosted an online discussion around the widespread challenges imposed by recent RAF events and the measures required to sustain and optimise personal injury practices in light of this challenging operating environment.
Good Hope FM Interview: Good News for the Injured
Good Hope FM interviews RAFPay CEO, Elad Smadja, on how their product is “ending the delay” for Road Accident Fund claimants awaiting their court order/settlement agreement pay-outs. [sonaar_audioplayer albums="4147" show_playlist="true"...
R300 million finance available for personal injury lawyers facing extreme pressure during Covid-19
Media release Tuesday, 28 July 2020: Many legal firms are under financial strain but few face the perfect storm of South Africa’s personal injury lawyers, according to Elad Smadja CEO, Taurus Capital a specialist legal financier. He says that even the larger and most...
Complimentary Webinar: the State of the RAF and the Future of the Personal Injury Attorney
Taurus Capital invites you to attend a complimentary online discussion around the widespread challenges imposed by recent RAF events and the measures required to sustain and optimise your personal injury practice in light of this challenging operating environment. To...
Embracing the future of the personal injury firm
Did you know that every time you fill your car up with fuel you are paying a levy towards the Road Accident Fund (RAF)? The levy, currently R1.98 per litre of petrol, buys a type of personal injury insurance which is available to all drivers (both resident and...
RAF Defendant Attorneys – What’s Next?
Over the past several months the Road Accident Fund (RAF) panel attorneys have been facing significant challenges due to the separation process instituted by The Road Accident Fund. During this period numerous defendant attorneys have reached out to us, not only to...
Tomorrow’s Lawyer, Today
The legal profession is notoriously slow to change. In an article titled The Impact Of COVID-19 On How Law Firms Do Business When It Is Just A Memory, author Stephen Mabey opens with a statement by founder of the World Economic Forum, Klaus Schwab: Law firms have...
Taurus Capital Live Case Study: Maximising Court Directive Changes through Specialist Funding
This is the final clip in our short video series that has unpacked the experience and advantages of receiving specialist law firm funding, as shared by our client, Jerry Nkeli Attorneys. In this video, Mr Nkeli discusses how the Taurus Capital facility enabled his...
Taurus Capital Live Case Study: How Specialist Funding Differs from Traditional Funding
This is the third in a series of four short videos documenting the experience and process of receiving specialist law firm funding for our client, Jerry Nkeli Attorneys. In this video, CEO of Taurus Capital, Elad Smadja, and Mr Nkeli, unpack the fundamental...
Taurus Capital Live Case Study: How The Specialist Funding Process Works
This is the second in a series of four short videos documenting the experience and process of receiving specialist law firm funding for our client, Jerry Nkeli Attorneys. In this video, CEO of Taurus Capital, Elad Smadja, details the process of working hand-in-hand...
Taurus Capital Live Case Study: The Benefits of Specialist Funding for Law Firms
Managing Partner of Jerry Nkeli Attorneys, Jerry Nkeli, discusses the benefits of specialist funding for his firm, and how it equipped him to sustain and eventually grow his personal injury practice.
Live Case Study with Jerry Nkeli Attorneys
The Taurus Capital team interviewed Manager Partner of Jerry Nkeli Attorneys to unpack his experience of receiving specialist funding to sustain and grow his law practice.
Law Firm Finance 101 – Medical Negligence Starter Guide
The growth in medical negligence litigation over the last few years is due to a number of interrelated factors. With medical specialists and health budgets spread too thin and a growing awareness of patient’s rights, South Africa has seen an exponential increase in...
The Perfect Storm for RAF Defendant Attorneys
On February 18th 2020, Collins Letsoalo (acting Chief Executive of the Road Accident Fund) shook the personal injury world when he sent letters to panel attorneys requesting them to hand over files of all unfinalised cases. An extract from the letter reads: “You are...
SA Debt Collection in the Time of Covid-19
According to Rory Voller, the commissioner of the Companies and Intellectual Property Commission (CIPC) during a joint parliamentary committee meeting held on 12 May, over 140 businesses have gone into business rescue during the current financial year, with 37...
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.