New lawyers often find themselves balancing a significant amount of student loan debt with a modest compensation in the early stages of their career.  Then, after gaining some experience, attorneys often enter a partnership track or go out on their own.  Finding room in the budget to simultaneously pay down debt, build retirement savings, and fund a path to firm ownership can be challenging. 

Three Oaks Capital helps attorneys organize and manage their finances as their careers grow and evolve.  We help clients manage student loan debt, save for retirement, and make smart choices with benefits and their career path so they can focus on practicing law.  Here are a few typical issues we help our attorney clients tackle:

Student Loan & Debt Management

Consolidation & Refinancing
Income Driven Repayment Options
Public Service Loan Forgiveness (PSLF)
Balancing Loans with Savings & Purchases

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Aggressive Savings Strategies

Backdoor Roth IRA Conversions
Individual Retirement Plan Management (SEP-IRA, Solo 401(k), etc.)

Tax Minimization

Tax Efficient Asset Allocation
Tax Loss Harvesting
Income & Deduction Timing
Coordination with Tax Preparer

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Path to Ownership

Managing Partnership Buy-In
Launching a New Practice
Dealing with Low/Inconsistent Cash Flow
Malpractice Coverage & Risk Management