McGraw-Hill's Law Office Management for Paralegals 1st Edition by Lisa Schaffer, Mcgraw Hill Higher Education Staff, Curriculum Technology Staff, Andrew Wietecki

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You are working for a small law firm. The managing partner of the firm is concerned that clients are not paying their bills in a timely manner. She wants to start charging interest on all client accounts that are past due. She asks you to research your state laws and determine which state laws are applicable to charging interest on client accounts. She also wants you to research the state bar association's ethical opinions regarding charging interest. Prepare a report of your findings that prescribes the best course for the firm on this issue and why.