While it's well settled that a lawyer may withhold judgment funds from a personal injury client to satisfy a lien, a New Jersey Supreme court committee says personally guaranteeing the client's payment is going too far.
September 27, 2013 at 04:41 PM
1 minute read
It’s well settled that a lawyer may ethically withhold judgment funds from a personal injury client to satisfy an insurer’s lien, but personally guaranteeing the client’s payment is going too far.
A “personal guarantee is considered improper financial assistance to a client,” the New Jersey Supreme Court’s Advisory Committee on Professional Ethics held in a Sept. 19 formal opinion.
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