Must a Lawyer Deposit an Up-Front Fixed Fee into Trust?
No, under Louisiana Rule of Professional Conduct 1.5(f)(2), a flat fee becomes the lawyer’s property when the lawyer agrees to handle the client’s matter through completion. As a result, the …
Louisiana Supreme Court Seeks Public Comment on New Rule Governing Fixed Fees
The Louisiana Supreme Court has called for public comment on a proposed amendment to Louisiana Rule of Professional Conduct 1.5(f)(2). If adopted, this amendment would impose upon lawyers more onerous informed-consent …
LSBA Proposes Amendment to Rule Governing Fixed Fees
The Louisiana State Bar Association adopted a resolution at its June 2016 Annual Meeting recommending an amendment to Louisiana Rule of Professional Conduct 1.5(f)(2) governing fixed fees. Under the current rule, a …
Abraham Lincoln Weighs in on Up-Front Fixed Fees
As noted in a recent post, the LSBA Rules of Professional Conduct Committee is evaluating a proposed amendment to Louisiana Rule of Professional Conduct 1.5(f)(2). Under the current rule, a lawyer …
Should Fixed Fees Paid Up-Front be Placed in Trust?
That issue is currently under consideration by the LSBA Rules of Professional Conduct Committee. Under current Louisiana Rule of Professional Conduct 1.5(f)(2), a lawyer earns a fixed fee when the …