Tanzman v. Tanzman
This matrimonial action addresses the equitable distribution of marital property, specifically the valuation of the plaintiff attorney's contingent personal injury cases. While parties agreed on maintenance and other asset divisions, the method for valuing 146 pending personal injury cases was disputed. The court evaluated whether overhead expenses should reduce the defendant's share of recovered fees and if maintenance required adjustment due to fee recovery. The court ruled against deducting overhead from the defendant's share and mandated a maintenance reduction to prevent 'double-dipping'. Ultimately, a progressive percentage-based valuation method for contingent fee cases, aligning with the defendant's expert's suggestions, was adopted, assigning initial value at case inception and increasing percentages as cases progress.