Examples of Fee splitting in a sentence
Fee splitting is defined as the practice of giving part of the fee charged a referred client or patient to a Registrant or AOD Counselor who makes the referral.
Fee splitting with another member is appropriate if, in addition to billing only for services actually performed, the patient is informed and consents, the fee is not increased solely by reason of the division of the fee, and fee splitting is permitted under state law.
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Fee splitting between lawyers who are not members of the same firm is not inherently improper; however, disclosure obligations are imposed.
Fee splitting between two firms is permitted if the Client is made aware of this agreement in writing and consents to the same.The Fee Agreement must specify the scope of the attorney’s representation.
Fee splitting – The practice of paying commissions to colleagues out of fees received from rendering services to clients who have been referred by the colleague.
Fee splitting arrangements may be enforced in court, but only if the arrangements fully comply with the Rule 4-1.5(e), Engv.
Historically, however, such structures have generally not been possible due to prohibitions against fee-splitting with non-lawyers, which are meant to avoid the risk that a lawyer’s independence might be compromised by a non-lawyer’s interest in the fee.1 Fee splitting prohibitions also ensure that third party non-lawyers do not have a financial interest in directing the lawyer’s conduct of a file or retainer.
Fee splitting - The practice of paying commissions to colleagues out of fees received from rendering services to clients who have been referred by the colleague.
CONCLUSION: Fee splitting where one of the lawyers brings the client to the matter but neither provides any service to the client nor assumes joint responsibility for the representation is prohibited under New Mexico’s Rules.