2 Alaska Admin. Code § 50.704

Current through September 25, 2024
Section 2 AAC 50.704 - Reporting income from attorney contingency fee agreements

If a legislative branch filer, public official, candidate, or family member has self-employment income based on attorney fee agreements that are contingent on the outcome of the matter for which the service is rendered, the legislative branch filer, public official, or candidate shall report

(1) the total amount received from contingency fee agreements in the reporting period; and
(2) the name of each client from whom or on whose behalf the legislative branch filer, public official, candidate, or family member received a contingency payment; for each named client, the legislative branch filer, public official, or candidate shall also list
(A) the recipient of the contingency fee, including the legislative branch filer, public official, candidate, or family member;
(B) whether the income was earned under a fee agreement contingent on the outcome of the matter for which the service was rendered, as provided in Rule 1.5, Alaska Rules of Professional Conduct; and
(C) a description of services that conveys the nature of the service performed without violating privileged communications or client confidences.

2 AAC 50.704

Eff. 12/22/2011, Register 200

Authority:AS 15.13.030

AS 24.60.200

AS 24.60.220

AS 39.50.020

AS 39.50.030

AS 39.50.050