Contractual Security Interest Obtained by a Lawyer to Secure Payment of a Fee
A lawyer who acquires a contractual security interest in a client's property to secure payment of fees earned or to be earned must comply with Model Rule 1.8(a). A lawyer may acquire such a security interest in the subject matter of litigation in which the lawyer represents the client; however, the acquisition of such a security interest must be authorized by law as required by Model Rule 1.8(i).
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