C.R.S. § 13-93-407: Applicability - repeal.

(1) Nothing in this part 4 shall be construed to prohibit:

(a) The pledging of future revenues, legal fees, or recoveries as collateral for a loan; or

(b) Lawful wages, salaries, benefits, or discretionary bonuses paid to nonlawyer employees of a law firm for services rendered in the ordinary course of their employment;

(c) Nonrecourse funding provided to a lawyer or law firm with respect to specific, identified legal representations, in which:

(I) The funding is provided solely for the fees or expenses of specific, identified legal representations that have commenced or for which the lawyer or law firm has been retained and not for the solicitation or acquisition of future clients or matters;

(II) The return of the person providing the funding is limited to a multiple of the funded amount or a rate of interest on the funded amount and does not constitute a share of legal fees, law firm revenue, and law firm profits; and

(III) The person providing the funding has no right to participate in or receive any portion of legal fees, law firm revenue, or law firm profits except from the proceeds of the specific, identified legal representations; or

(d) The provision of legal services provided solely in connection with administrative matters arising under federal law or before a federal agency.

(2) Nothing in this part 4 limits the Colorado supreme court's rule-making, decisional, or enforcement authority as to the practice of law in Colorado, including as to the unauthorized practice of law and professional independence of lawyers and LLPs.

(3) (a) Nothing in this part 4 prohibits a lawyer or law firm that provides legal services to a nonprofit organization or individuals who receive benefits from the nonprofit organization from remitting to a nonprofit organization that provides or supports legal services or access-to-justice services any fees or revenues earned from its representation.

(b) A nonprofit organization that provides or supports legal services or access-to-justice services is not subject to this part 4.

(4) This part 4 is repealed, effective September 1, 2029.