Stop Being the Bank! Using Third-Party Credit in Your Law Firm

Stop Being the Bank! Using Third-Party Credit in Your Law Firm

Release Date: 12/02/2022
Recording Available 7-14 Days After Event Date
Format Length CLE Eligible
Video Roundtable 60 min. No

For too long, immigration law firms have been offering their clients zero-down, zero-interest loans disguised as payment plans. Enter Buy now, pay later: a short-term financing option that allows a consumer to make purchases and pay for them in the future. Given this option's popularity and widespread availability, lawyers and firms have wondered if they too could allow clients to engage them to pay for legal services at a future date.

Wonder no more. Get your questions answered during this upcoming roundtable. Discussion leaders will:

  • Cover the Ethical Rules Related to Third-Party Credit Options
  • Identify Potential Conflicts of Interest and How to Avoid Them
  • Provide a Sample Addendum to Your Fee Agreement that Complies with an ABA Formal Opinion on Third-Party Lenders

This roundtable is hosted by the Practice & Professionalism Center and AILA's Ethics Committee.

This roundtable is available only to AILA members and not CLE eligible. AILA University Video Roundtables are free learning opportunities for AILA members provided via a weekly schedule of live video programming for members to come together from across the country and world to discuss hot topics and network with colleagues in the field. Video Roundtables are part of AILA University programming and each session is hosted by faculty selected for their expertise.

Alan B. Goldfarb, Ethics Committee, Minneapolis, MN

Dan Lear, Co-Founder & Head of Marketing and Partnerships, Gravity Legal, Seattle, WA

The speaker's/author's views do not necessarily represent the views of AILA, nor do they constitute legal advice or representation. Practice tips provided are based on the speaker's/author's experiences and the current state of the law. Please be sure to conduct legal research and analysis for your unique situation as the law changes quickly and experiences may differ from your own.