Advisory Opinion: 1191

Year Issued: 1988

RPC(s): RPC 1.7(b); 1.8(a)

Subject: Fee agreement; business transaction with client.

The Committee reviewed your inquiry concerning a proposed fee agreement in which you would be compensated by being given stock in your client's corporation. The Committee was of the opinion that the article by Committee member Dale Ramerman which appeared in the Bar News, August 1987, with which you are familiar does answer this question and the Committee endorsed that advice .

Advisory Opinions are provided for the education of the Bar and reflect the opinion of the Committee on Professional Ethics (CPE) or its predecessors. Advisory Opinions are provided pursuant to the authorization granted by the Board of Governors, but are not individually approved by the Board and do not reflect the official position of the Bar association. Laws other than the Washington State Rules of Professional Conduct may apply to the inquiry. The Committee's answer does not include or opine about any other applicable law other than the meaning of the Rules of Professional Conduct.