Legal fees – New proposal prevents retainers

A new proposal, supported by the Board of Governors of the State Bar of California, appears to make it illegal for a lawyer to charge and accept an advance retainer in matters involving loan modifications. Do you think that, after the work is completed, the lawyer will be able to get the client to pay the fee?

How similar is this to the new San Francisco City ordinance that forces landlords to reduce their rent if a tenant loses his/her employment?

I thought these matters were the government’s responsibility or charities? Perhaps lawyers and landlords are being conscripted now as charities.

Categorized in: Cash Flow - Finances