Personal Injury Lawyers May not loan Money to Clients While Representing Them.

Kentucky Ethics Rule 3.130(1.8(e)) prohibits Kentucky accident lawyers from loaning or otherwise providing financial assistance to clients except that a Kentucky injury lawyer may advance court expenses. Victims of auto accidents, truck accidents and motorcycle accidents often struggle financially because their injuries prevent them from working. Injury victims can borrow money from banks or other institutions, but not from their lawyers.

The reasons Kentucky personal injury attorneys cannot provide financial assistance to their clients include that (1) these loans can negatively affect the attorney’s ability to properly advise and represent the client; (2) Attorneys could effectively buy cases and (3) it would allow lawyers to act as banks and not be properly regulated by the federal government. The Kentucky Auto Accident Attorney will assist the client in recovering any insurance benefits due him to offset financial difficulties and will aggressively pursue the case to obtain the best and quickest resolution possible.