LEO: Interest on Unpaid Expense Accounts  LE Op. 426


Interest on Unpaid Expense Accounts.


August 14, 1981


It is not ethically improper for a law firm which maintains a separate

expense account for each of its clients to charge interest on the unpaid

balance of those accounts, assuming that the client has agreed to the

imposition of such interest at the inception of the attorney/client

relationship. [See II: DR:2-105(A) and LE Op. 186B.]


Committee Opinion August 14, 1981