Rule Statements Flashcards

1
Q

Can a lawyer accept notes or deeds as compensation for legal services?

A

Yes, a lawyer can accept notes or deeds as compensation for legal services.

The GRPC provide that a lawyer can acquire a lien to secure the lawyer’s fees and expenses.

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2
Q

Can a lawyer acquire an ownership interest in the subject matter of litigation?

A

No, a lawyer must not acquire an ownership interest in the subject matter of any litigation.

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3
Q

What does a note entitle an attorney to if the client defaults?

A

The note entitles the attorney to a specified amount of money for his legal services should the client default on the note.

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4
Q

Can a lawyer represent a new client in a matter related to a former client?

A

A lawyer who formerly represented a client cannot represent a person in the same or substantially related matter if that person’s interests are materially adverse to those of the former client unless the former client consents.

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