Promised Barristers' Fees Are Property, Court Rules
Law360, London (April 12, 2019, 8:18 PM BST) -- Legal fees a bankrupt barrister earned are property and must flow to a trustee looking out for his creditors even though there was no formal written contract for the sums, an appeals court in London ruled Friday.
The Court of Appeals said that money a barrister made at the time of bankruptcy vested in a trustee administering his financial affairs even though the money wasn't subject to contract.
In an unanimous decision, three judges sitting for the court ruled that the fees were technically property under insolvency law, overturning a High Court decision from August that found the fees weren't guaranteed. ...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!