Interest on an Overdue Client Account

Lawyers must not charge a client interest on an overdue account, except as permitted the Solicitors Act or as otherwise permitted by law [rule 3.6-1.1 of the lawyers' Rules]. This includes interest on unpaid fees, charges or disbursements. Paralegals are not governed by the Solicitors Act and, though they are not prohibited from charging interest on an overdue account by any Law Society regulation, paralegals should research the applicable law to determine in what circumstances they are permitted to charge interest on overdue client accounts.

Additional Resource:

Overdue Client Accounts