TELESEMINAR: Attorney Ethics and Alternative Fee Arrangements – A National Perspective
December 19, 2013
12:00 – 1:00 p.m.
1.00 MCLE hours, including 1.00 Professional Responsibility MCLE credit hours (PMCLE credit subject to approval)
The long-standing model of fee-for-legal service is slowly eroding as clients target legal costs and budgets for reduction. In addition to conventional contingency fee arrangements there has been a rise in “success fees” in transactional and litigation practice. Flat fee arrangements are increasingly common in transactional representations. But these and other more exotic arrangements raise substantial ethical issuer for lawyers, including the requirement to zealously represent a client’s interest, ownership of flat fees, the absolute right of clients to terminate representations, the reasonableness of success fees, and many other issues. This program will provide you with a practical guide to ethical issues when attorneys and clients agree to alternative fee arrangements in litigation and transactional practice.
- Ethical issues in alternative fee arrangements – contingency and success fees, flat fees, blended rates and more
- Reasonableness in contingency fee and “success fee” arrangements
- Flat fee issues – how is the fee handled in a law firm, who owns it, when does it become the firm’s?
- Zealous representation –what if a fee runs out before the representation?
- Client’s right to terminate a representation – what happens to the alternative fee?
- Proper treatment of retainers and other pre-payments of fees
Matthew Corbin, Professional Services Group of AON Risk Services
Thomas E. Spahn, McGuireWoods, LLP, Virginia
*Professional Responsibility MCLE credit subject to approval