Financing Law Firms

Financing Law Firms

A fair amount of commentary has been published recently about the opinion issued by the New York City Bar Association’s Professional Ethics Committee (the Opinion) concluding that a popular form of financing for law firms conflicts with Rule of Professional Conduct...

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NY Bar Restricts Law Firm Financing

NY Bar Restricts Law Firm Financing

On 30th July, the Professional Ethics Committee of the New York City Bar Association issued a formal opinion that found that Rule 5.4(a) of the New York Rules of Professional Conduct does not permit a lawyer to enter into a financing arrangement with a litigation...

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For What It’s Worth

For What It’s Worth

Damages-based agreements – effectively US-style contingency fee engagements where the lawyers are paid only a percentage of the damages recovered in the case – are more than just a new fee-charging technique for lawyers; they will likely usher in an entirely new way...

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