ABA Releases Guidance for Splitting Fees in Contingency Cases When a Lawyer is Replaced

The American Bar Association Standing Committee on Ethics and Professional Responsibility released today Formal Opinion 487 that addresses fee splitting arrangements when a lawyer in a separate firm replaces the first counsel rather than works together on a contingency-fee case. The opinion emphasizes that a previous attorney, whose services are terminated without cause, may be entitled to a fee for services performed prior to discharge and that any proposed agreement between the initial attorney and a successor should be fully disclosed and discussed with the client. Read more at the ABA website.
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