ISBA Development Site
This website is for ISBA staff use only. All visitors should return to the main ISBA website.
This website is for ISBA staff use only. All visitors should return to the main ISBA website.
A lawyer who won a verdict for a client in litigation that is being appealed may allow the client to obtain financing and assist the client in obtaining financing from a third party during the pendency of such litigation. Although the Rules do not prohibit the lawyer’s assistance or cooperation, the lawyer’s assistance and cooperation are governed by several ethical limitations including the lawyer’s duty to render independent professional judgment and candid advice to the client free of third party interference, to maintain confidentiality of the client’s information and to obtain the client’s informed consent for the lawyer’s disclosure of any information to the finance company.
A lawyer may not provide a personal guarantee that s/he will pay the liens and subrogation claims chargeable against a client’s settlement proceeds.
An attorney may not advance money to a hospital on behalf of a client for medical expenses of the client.
Attorney may ethically assist clients in obtaining loans for payment of attorney fees, providing the attorney protects the client's confidences and meets his fiduciary obligation of complete disclosure.