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Nonrefundable Retainers OK Under Strict Limits, NY Bar Says

Law360, March 5, 2015

Nonrefundable Retainers OK Under Strict Limits, NY Bar Says

New York lawyers may charge clients a nonrefundable monthly retainer fee under limited circumstances, according to a city bar ethics opinion released Thursday. The formal opinion from the Association of the Bar of the City of New York‘s Committee on Professional Ethics outlines precautions related to nonrefundable fees and ‘a number’ of potential ethical issues for such deals.

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