Lawyer Fee Splitting Agreement

You will become a better lawyer faster if you hire an experienced lawyer to help you. Yes, you have to give up some of your fees, but it will be a good investment in your professional development and your client`s case. Also, a better result means more money in the customer`s pocket. The American Bar Association`s Standing Committee on Ethics and Professional Responsibility issued Formal Opinion 487 to clarify the situation. The notice published on June 18 focuses on royalty-sharing agreements for success fee cases and provides guidance to both the original and successor lawyers. In many jurisdictions, the original attorney may be entitled to at least one Quantum Meruit for the added value of the case or payment under a „termination“ or „transformation clause“ clause in the original customer agreement.