Advance Payment Retainers: Whose Property? What Account?

, New York Law Journal

   | 2 Comments

Devika Kewalramani, a partner at Moses & Singer, and Jordan Greenberger, an associate at the firm, ask: To whom does an advance payment retainer belong: the lawyer or the client? To what account should the funds be deposited: the lawyer's or law firm's operating account or the client trust account?

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What's being said

  • Fred Moss

    Why didn't the authors of this article read and cite In re Cooperman, 591 N.Y.S.2d 855 (App. Div. 1993), aff'd, 633 N.E.2d 1069 (N.Y. 1994), which outlawed non-refundable fees. I believe it is still good law in N.Y.

  • Fred Moss

    Why didn't the authors of this article read and cite In re Cooperman, 591 N.Y.S.2d 855 (App. Div. 1993), aff'd, 633 N.E.2d 1069 (N.Y. 1994), which outlawed non-refundable fees. I believe it is still good law in N.Y.

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