Louisiana Ethics Opinion

Counsel Financial
July 13, 2016


Commonwealth of Louisiana Ethics Opinions

CHITTENDEN V. STATE FARM MUT. AUTO. INS. CO., 788 SO. 2D 1140 ( LA.), REH. DEN., 2001 LEXIS 2154 ( LA. 2001)

1. It is ethical for an attorney to borrow funds from a third party lending company to cover litigation expenses, or to fund his law practice.

2. The cost of the fees and interest associated with the loan may be passed to the client provided that the client consents in writing to the loan and its charges/interest rate.

Please reference your local state ethics rules.