Friday, March 18, 2011

Contingent fee rule changed by SJC

Rule 1.5 of the Rules of Professional Conduct has been significantly amended. The rule governs what attorneys can charge and collect for contingent fees, and took effect March 15. The rule includes two sample fee agreements. While attorneys are not required to use either form, if their form is materially different from, or adds to the suggested forms, those differences should be explained to the client for their approval in writing.
For the entire Rules of Professional Conduct, and other helpful information for and about attorneys, see our page Law about Lawyers.