What principle is emphasized in Model Rule 1.5 regarding fee agreements?

Model Rule 1.5 emphasizes the importance of clarity and mutual agreement in fee agreements between lawyers and their clients. It requires that the terms of the fee arrangement be documented clearly to avoid misunderstandings or disputes about how much the lawyer will be paid and for what services. Transparency is vital in maintaining a trusting attorney-client relationship, and having a documented agreement ensures that both parties are on the same page regarding expectations and obligations. This principle helps uphold the integrity of the legal profession and protects the rights of clients while also enabling lawyers to set reasonable fees for their services.

Other options do not align with the core principles of the rule. For example, verbal agreements can lead to ambiguity and misunderstandings, making documentation necessary. Assuming fees based on prior experiences can be problematic since each case is unique, and prior agreements may not apply in all situations. Lastly, fee agreements should be reasonable and fair rather than solely favoring the lawyer's interests, as this could lead to unethically high fees and exploitation of clients.