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Opinion 23-03 |
Business Transactions With Clients | Conflict of Interest | Referral Fees and Arrangements
A lawyer who receives compensation in exchange for the referral of clients to an investment advisor has a conflict of interest and is involved in a business transaction with a client. Whether a lawyer can engage in such a transaction must be analyzed on a case-by-case basis.
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Opinion 13-04 |
Business Transactions With Clients | Conflict of Interest | Government Lawyers
A lawyer serving as an officer of a financial institution who also owns a significant stock interest in it must comply with the requirements of RPC 1.8 when representing a municipality that engages in business transactions with the financial institution. In addition, the lawyer’s representation of the municipality is governed by RPC 1.7(a)(2) and may involve nonconsentable conflicts of interest when the municipality deals with the financial institution.
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Opinion 99-06 |
Business Transactions With Clients | Conflict of Interest - Transactional Matters
A lawyer who receives fees as a trust administrator from a trust company to whom he refers clients has a conflict of interest and is involved in a business transaction with a client; the lawyer must disclose his relationship with the trust company to the client, the method and source of his compensation, and obtain the client's consent after disclosure.
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Opinion 98-03 |
Business Transactions With Clients | Conflict of Interest | Dual Professions
Patent law firm may not provide or receive a royalty-type fee for services matching client-inventors with client-product promoters, unless the firm can rebut the presumption of undue influence and the firm obtains informed written consent of all affected clients to the fee arrangement, to the potential disclosure of confidential information, and to the inherent conflicts of interest. The specific facts of particular situations may make consent to certain conflicts of interest unreasonable.
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Opinion 97-07 |
Business Transactions With Clients | Dual Professions
Lawyers may form a company to provide legal publication notice services as long as legal services are conducted in accordance with the Illinois Rules of Professional Conduct.
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Opinion 97-04 |
Business Transactions With Clients | Referral Fees and Arrangements
A lawyer may not properly take a referral fee from an investment advisor for referring a client to the advisor unless the lawyer rebuts the presumption of undue influence that arises when a lawyer enters into a business transaction with the client; the presumption may be rebutted by showing the transaction was fair, the client had the opportunity for independent advice of counsel and consented to the transaction after full disclosure.
- Opinion 93-01 | Business Transactions With Clients | Dual Professions
- Opinion 90-02 | Business Transactions With Clients
- Opinion 90-32 | Business Transactions With Clients | Dual Professions
- Opinion 89-14 | Business Transactions With Clients
- Opinion 84-14 | Business Transactions With Clients | Dual Professions
- Opinion 841 | Business Transactions With Clients | Conflict of Interest - Transactional Matters
