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Legal & Ethics
Florida Bar Opinion on Non-Recourse Funding
Category: Legal & Ethics
Below you will find the Florida Bar's Opinion regarding non-recourse funding. As we operate out of Florida we have provided you with this ruling, but every state has its own rules. If you are interested in the ruling on advance funding from another state, fill out the contact form in the upper right hand side of the screen and we will be happy to send it to you. Or subscribe via RSS feed for this blog as we are going to be posting other state's rulings soon.
Professional Ethics Of The Florida Bar
Opinion 00-3
March 15, 2002
An attorney may provide a client with information about companies that offer nonrecourse advance funding and other financial assistance in exchange for an interest in the proceeds of the client's case if it is in the client's interests. The attorney may provide factual information about the case to the funding company with the informed consent of the client. Although the attorney may honor the client's valid written assignment of a portion of the recovery to the funding company, the attorney may not issue a letter of protection to the funding company.
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