Advisory Opinion:
1036
Year Issued:
1986
RPC(s):
RPC 1.6
Subject:
Client confidence or secret; disclosure of client names to bank to obtain financing
The Committee was of the opinion that if a law firm wanted to pledge its accounts receivable to obtain bank financing, and the bank insists upon the disclosure of the names of the clients whose accounts are being pledged, RPC 1.6 would impose a burden upon the lawyer to determine that the disclosure of the lawyer-client relationship and the status of the client's account receivable were not secrets. Therefore the Committee was of the opinion that the lawyer would be required to make inquiry of the client prior to disclosing such information, and have the client's informed consent to reveal such information.
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