Practitioner Pitfalls Surrounding the Earned Upon Receipt Fee
An earned upon receipt fee is a fee that a lawyer charges upfront, before performing any actual work on a client's matter. A lawyer may claim that this type of fee is "earned" once paid, and therefore nonrefundable.
July 06, 2023 at 11:32 AM
5 minute read
EthicsTo be sure, Pennsylvania practitioners are permitted to charge earned upon receipt fees. But, when doing so, lawyers should exercise extreme caution to ensure their handling and retention of such fees would survive the Office of Disciplinary Counsel's scrutiny in the event of a complaint. The earned upon receipt fee calls into question multiple Pennsylvania Rules of Professional Conduct (rules) and, where lawyers' compliance efforts fall short, they could face sanctions.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Law Firms Mentioned
Trending Stories
- 1The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 2Wine, Dine and Grind (Through the Weekend): Summer Associates Thirst For Experience in 'Real Matters'
- 3The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 4BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 5First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250