Handeling Money

Question 1

Compensation By 3rd Party

Answer 1

1) Client gives Informed Consent
2) No Interference with attorney professional judgment or after 1
3) in relation to client is protected.

Question 2

Two Types of Accounts

Answer 2

1) Operation

2) Client Trust: Client Money

Question 3

Keep Fees Reasonable

Answer 3

1) TIME and LABOR
2) NOVELTY and DIFFICULTY of the question involved.
3) requisite SKILL
4) CUSTOMARY
5) EXPERIENCE, ability to represent
6) INTERFERENCE with other employment by attorney
7) TIME LIMITATION imposed by client.

Question 4

Referral Fees

Answer 4

Division is permissible if:

1) Total fee is reasonable
2) Client is advised
3) A client Agrees in writing

Question 5

Never Divide Legal Fees

Exception

Answer 5

1) Salaries, retirement plan, profit sharing
2) Spouse of deceased partners to pay fee earned buy deceased partner
3) Sharing court award fee with non-profit organization employed, retained or rec employment of the law.

Question 6

Special Rules of a Trust Account

Answer 6

Interest barring and maintain in NV

• You must direct to permit interest electrically on mutually basis for a non profit bar foundation.