Wednesday, September 21, 2011
HOW MUCH IS MY BALTIMORE PERSONAL INJURY CASE WORTH? I want an advance on my case!
Maybe you can get one, but not from your lawyer. Baltimore personal injury lawyers practicing for any length of time have had a client ask them for a loan. The Maryland Lawyers' Rules Of Professional Conduct prohibit a lawyer from providing any financial assistance to a client, no matter how much the client needs the money. The rule applies to loans, or even an advance on a case that is resolved where the funds have not yet arrived. Anyone that watches late night cable TV is aware that there are funding companies that will advance cash to client in a personal injury matter. Many companies offer the same "contingency" type agreement that personal injury lawyers offer. However, the knowledgeable Baltimore personal injury lawyer will always advise his or her client to scrutinize this option closely. The interest rates and fees charged by the funding companies can be enormous.