Law Firm Portfolio Financing: A Primer on the Current State of Ethical Considerations (Above the Law)

Above the Law, July 23, 2019

Law Firm Portfolio Financing: A Primer on the Current State of Ethical Considerations

“While we view the NYC Bar opinion and those like it as ill-considered and overly formalistic, they are a reality with which a law firm seeking funding must be comfortable.  (Anecdotally, based on the inquiries Lake Whillans receives, the opinion has not stopped law firms from actively seeking portfolio financing in New York or elsewhere.)  The landscape continues to evolve and funders and attorneys alike hope that a more reasonable and realistic interpretation of Rule 5.4 prevails.”

Read more