Opinion ID: 1297560
Heading Depth: 1
Heading Rank: 2

Heading: The Mark McNair Matter

Text: Respondent represented McNair in a Worker's Compensation case. He told McNair he could get between $13,000 and $14,000 on his claim by December 1993. In October 1994, respondent told McNair his secretary had run off with his money and asked McNair to go to the Fairfax Company to take out a loan which would be shared by McNair and respondent. McNair did this, borrowing $2,500 ($1,500 of which he then loaned to respondent) at an annual interest rate of 85%. McNair also executed an irrevocable assignment with Fairfax Company, assigning all of his interest in $3,793.81 (loan amount plus interest) from the benefits of his Worker's Compensation claim. He authorized respondent to disburse that amount from the proceeds of the Worker's Compensation claim. Respondent then told McNair he was able to get $4,000 on his claim. However, McNair actually received only $3,000. McNair then changed attorneys. Respondent wrote a letter to McNair's new attorney stating he would execute a consent order if his lien, which was nonexistent, were satisfied.