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. 
 Back to main menu

  Print This Leo
LEO NumTopicsSummary

38-Fee Splitting

57-In-House Lawyers

71-Representing Corporations

[WITHDRAWN 9/16] An in-house lawyer who represents the company in collection matters may not split any attorneys' fees collected with the company, unless the amount is a reimbursement for the actual cost of the lawyer's services. [This Legal Ethics Opinion was overruled to the extent its holding is inconsistent with LEO 1783 which permitted a lawyer representing a lender in collecting on a note containing a provision for the award of 25% attorney's fees of the principal balance due to give the client/lender whatever portion of the 25% was not actually spent on attorney's fees.]

Copyright 2000, Thomas E. Spahn