VIRTUAL CLE VIA ZOOM
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Kathryn L. Simpson: How can your engagement letter with a client establish attorney-client expectations, protect you from professional liability claims, and, in some cases, reduce the amount of your professional liability insurance deductible? What are the important elements of an engagement letter and why should you have engagement letters covering the various representations performed for a client? When and how should you close a file?
Kristin Wells: Explore the realm of Flat Fees diving into discussion of what flat fees are, how you attorneys handle them, and when the client must get a refund. Some major points will be RPC 1.15(i) (requiring the deposit of prepaid legal fees into a trust account unless otherwise agreed to by the client) and the importance of still maintaining individual time records and accountings even in flat fee cases so that the attorney is able to support keeping part of the fee in the event that the representation is terminated prior to completion.