Colorado Supreme Court Rules Committees, 1220 COBJ, Vol. 49, No. 11 Pg. 76

PositionVol. 49, 11 [Page 76]

49 Colo.Law. 76

Colorado Supreme Court Rules Committees

Vol. 49, No. 11 [Page 76]

Colorado Lawyer

December, 2020

Court Business

Notice of Request for Comments

Rules Governing Admission to the Practice of Law in Colorado Deadline for Comments: December 7, 2020 at 5 p.m.

The Colorado Supreme Court requests written public comments by any interested person on proposed Rules 203.2, 203.3, 203.4, 205.3, 205.4, 205.6, 208.2, and 209.5 of the Rules Governing Admission to the Practice of Law in Colorado. Written comments should be submitted to Cheryl Stevens, Clerk of the Supreme Court. Comments may be mailed or delivered to 2 East 14th Avenue, Denver, CO 80203 or emailed to cheryl.stevens@judicial. and received no later than 5 p.m. on December 7, 2020. The Clerk will post written comments on the Colorado Supreme Court's website.

By the Court:

Monica M. Mdrquez, Justice, Colorado Supreme Court

Note: The proposed amendments can be found on the Court's website at https://www. Rule_Changes.cfm

Rule Change 2020(30) Colorado Rules of Professional Conduct Rule 1.5. Fees

(a)-(b) [NO CHANGE]

(c) A "contingent fee" is a fee for legal services under which compensation is to be contingent in whole or in part upon the successful accomplishment or disposition of the subject matter of the representation.

(1) The terms of a contingent fee agreement shall be communicated in writing before or within a reasonable time after commencing the representation and shall include the following information:

(i) The names of the lawyer and the client;

(ii) A statement of the nature of the claim, controversy or other matters with reference to which the services are to be performed, including each event triggering the lawyer's right to compensation;

(iii) The method by which the fee is to be determined, including the percentage or amounts that will accrue to the lawyer in the event of settlement, trial or appeal, or other final disposition, and whether the contingent fee will be determined before or after the deduction of (A) costs and expenses advanced by the lawyer or otherwise incurred by the client, and (B) other amounts owed by the client and payable from amounts recovered;

(iv) A statement of the circumstances under which the lawyer may be entitled to compensation if the lawyer's representation concludes, by discharge, withdrawal or otherwise, before the occurrence of an event that triggers the lawyer's right to a...

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