Engagement Agreements – Mandatory Fee Arbitration Provisions – Malpractice Arbitration Provisions -
District of Columbia Ethics Opinion 376 -
Risk Management Issue: What are the requirements to make agreements to arbitrate malpractice claims and fee disputes in engagement letters enforceable? -
The Opinion: The Legal Ethics Committee for the D.C. Bar issued Ethics Opinion 376 to resolve a conflict between prior Opinions and the February 2007 amendments to the D.C. Rules of Professional Conduct. Opinion 376 reflects a growing trend favoring the enforceability of arbitration provisions in fee agreements as long as the firm obtains informed consent.
Please see full Issue below for more information.