Legal Ethics Opinion No. 1405 Title Agency: Directly Paying Law Firm Employees and Invoices for Goods, Services and Advertisements Rendered to the Law Firm You have indicated that a title insurance company is owned by one individual who functions as both the sole shareholder and binder-issuing agent. The same person is the sole owner of a law firm. The title insurance company is located in the same office as the law firm and pays for advertisements for the benefit of the law firm. The facts you have provided do not indicate the nature of the law firm's practice, i.e., whether the law firm represents clients to whom title policies will be issued. You have asked the committee to opine whether, under the facts of the inquiry, (l) it is proper for the title insurance company to directly pay the salaries of individuals who perform work solely for the benefit of the law firm, and (2) it is proper for the title insurance company to directly pay invoices sent to the law firm for goods, services and advertisements rendered to the law firm. The appropriate and controlling disciplinary rules relative to your inquiry are DR 5-l06(A)(2) which prohibits a lawyer from accepting from one other than his client anything of value related to his representation of or his employment by his client; and DR 5-l0l(A) which similarly prohibits a lawyer from accepting employment if the exercise of his professional judgment on behalf of his client may be affected by his own financial, business, property or personal interests. Both Disciplinary Rules provide that the impropriety may be overcome if the lawyer has the consent of his client after full and adequate disclosure. Further guidance is available in Ethical Consideration 5-l which cautions, in pertinent part, that the professional judgment of a lawyer should be exercised, within the bounds of the law, solely for the benefit of his client and free of compromising influences and loyalties. The committee has previously outlined the conditions under which an attorney may hold an ownership interest in title agencies or real estate settlement services. See LEOs #l87, 532, 545, 59l, 603, 886, 939, and ll52. See also LEO #l329. In addition, the committee has also opined that it is improper for an attorney to execute title binders and policies issued by the title agency to the law firm's client when the attorney is an officer and/or director and/or stockholder in the law firm and is an officer and/or director and/or stockholder in the title insurance agency. See LEO #690. In addition to the appropriate Disciplinary Rules, the committee directs your attention to 38.2-46l4 (previously 38.l-733.l) of the Virginia Code Annotated which prohibits to attorneys of payments constituting kickbacks, rebates, or commissions in connection with the issuance of title insurance for real property that is part of a real estate settlement conducted by such attorney. Although it is beyond the committee's purview to opine as to interpretations of statutes, we direct your attention to the Opinion of the Attorney General, issued January l5, l982 prior to the Virginia State Bar Council's consideration of LEO #l87, which found that, in light of the appropriate statute, an attorney would appear to be precluded from serving as a compensated agent for a title insurance company; however, the attorney can legally maintain such an interest and represent a client in a real estate transaction if full disclosure of the attorney's interests and influences which might affect his advice to the client is made at the outset of the attorney-client relationship. In the facts you present, the committee believes that payments by the title insurance company, such as those you describe, of the law firm's employees' salaries and of costs of the law firm's goods, services and advertisements would be improper and violative of DR 5-l06(A)(2) and DR 5-l0l(A). Furthermore, if a finder of fact determines that such payments do constitute kickbacks, rebates, commissions or other payments prohibited under 38.2-46l4, the receipt of such payments might constitute misconduct in violation of DR l-l02(A)(3) which prohibits a lawyer from committing a crime or other deliberately wrongful act that reflects adversely on the lawyer's fitness to practice law. Committee Opinion September 17, 1991
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