When lawyers think about problematic business transactions with a client, they usually think about things like loans or, perhaps, situations in which a lawyer is joining a client as an investor in a business venture. The ethics rule regarding business transactions with clients, RPC 1.8(a), is broader in its coverage than just those situations and, […]
Tag: RPC 1.5
Near the end of February 2015, the New York City Bar put out its Formal Opinion 2015-2 evaluating a question of propriety of a flat, nonrefundable monthly fee in a retainer agreement and reached the conclusion that a particular one that was something of a “hybrid” was problematic. Although the NYC opinion makes for a […]