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Can a Lawyer Loan Their Client Money?

Posted by Guy DiMartino | Mar 03, 2013 | 0 Comments

Florida trial lawyer, Guy S. DiMartino, answers the question – can a lawyer loan their client money?

A personal injury client missed a lot of work because of his injuries and is really in a financial hole.  He asks his lawyer to loan him a few thousand for rent and food and the lawyer tells him no.

A personal injury client's case just settled for a substantial amount of money; however, it will take a month or two to resolve the medical bill liens and execute the closing documents.  He asks his lawyer to loan him a few thousands until the settlement funds are disbursed and the lawyer tells the client no.

Why can't a lawyer loan their client money?

Lawyers are bound by the rules of professional responsibility and ethics. The rule is that a lawyer may not advance living expenses to a client pending settlement and collection of claim or judgment.  Lawyers are simply not allowed to put themselves in this position no matter how much the client needs the assistance. If a lawyer advances funds they actually have a financial stake in the outcome and this may cause of a conflict of interest.

If you have any questions about a Florida personal injury claim, you can call me directly on my cell at (352) 267-9168 or fill out the internet consultation form on the right.

photo attribution: liblit.org

About the Author

Guy DiMartino

I have loved helping people in need for almost three decades.  It has been my privilege to serve people as their pastor, chiropractor, and lawyer.  The current focus of my legal practice and lifes passion is helping the seriously injured receive complete compensation for their injuries. I am a ...

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