Nonrefundable Retainer Fees Are Unethical? - ABA Formal Ethics Opinion 505 (2023)
Channel: Professor Stevenson
Date: 2023-09-24

Video lecture for my Professional Responsibility class and MPRE prep about ABA Formal Ethics Opinion 505 (May 2023), which takes the position that nonrefundable advance fees or "retainers" are impermissible under the Model Rules. Get Formal Ethics Opinion 505 (free) here: https://www.americanbar.org/content/dam/aba/administrative/professional_responsibility/aba-formal-opinion-505.pdf
Video to watch next after this one: https://youtu.be/OkVOWdXVEWo 

Get the text of the ABA Model Rules of Professional Conduct free here: https://www.americanbar.org/groups/professional_responsibility/publications/model_rules_of_professional_conduct/model_rules_of_professional_conduct_table_of_contents/