These summaries were prepared by McGuireWoods LLP lawyer Thomas E. Spahn. They are based on the letter opinions issued by the Virginia State Bar. Any editorial comments reflect Mr. Spahn's current personal views, and not the opinions of the Virginia State Bar, McGuireWoods or its clients. 
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8-Bills and Fees

A lawyer may charge a client interest on unpaid bills as long as: the client had earlier agreed to the arrangement; the client is capable of paying but desires to defer payment for the client's own convenience; the interest rate is legal; and the client can pre-pay without penalty.

Copyright 2000, Thomas E. Spahn