After the $7.8 billion settlement with BP for the Deepwater Horizon oil spill concluded, some plaintiffs found out too late that they had to pay taxes on their compensation. Because the lump sum of income pushed many of them into a higher tax bracket, those…
Plaintiffs who are approaching settlement in certain cases may find an unexpected drawback at the conclusion of their lawsuit: the money they receive is taxable. At the following tax season, their settlement will come with a big price tag for the IRS, which means less…
In a previous post, I had noted that according to the 2015 Survey on Retention and Promotion of Women in Law Firms by the National Association of Women Lawyers (NAWL) and The NAWL Foundation, the situation for female lawyers remains challenging. Women still account for…
