Withdrawn / June 13, 2016 LEO: Fees - Collections LE Op. 835
Fees - Collections.
It is improper for an attorney who, as a corporate employee, represents his corporation in collection matters to divide with the company that portion of the collection designated as attorney fees pursuant to an installment contract. All that is collected as fees is properly the property of the attorney and may not be returned to the corporation unless the return of the fee is reimbursement to the corporate employer for the actual cost of legal services provided by the attorney and billed by the attorney. [ DR:3-102(A); LE Op. 480]
Committee Opinion October 9, 1986 |