Topic
client funds
150 published works
InsureReinsure
UK: English High Court Judge Blasts the Spectacular Failure to Protect Client Monies by Lehman Brothers International (Europe) (LBIE), its Auditors and Regulators
In a judgment issued on 15 December in the English High Court (Lehman Brothers International (Europe)(in administration) v CRC Credit Fund Limited & Ors [2009] EWHC 3228), and based on…
Legal Profession Blog
Attention Ohio Lawyers
Important news for Ohio lawyers from the web page of the Ohio Supreme Court:The Supreme Court of Ohio has adopted amendments that concern a lawyer’s duty to safeguard client funds…
Legal Profession Blog
Financial Assistance To Clients
The Louisiana Attorney Disciplinary Board found, contrary to a hearing committee's findings, that an attorney had engaged in commingling and two instances of conversion. As a result, the board rejected…
Legal Profession Blog
No Funds Left Behind
The Illinois ARDC Administrator has filed charges against an attorney for conversion of trust funds proceeds that the attorney, in his capacity of public administrator of estates. The funds were…
Legal Profession Blog
Breach Of Trust Draws Permanent Disbarment
From the web page of the Ohio Supreme Court: The Supreme Court of Ohio today permanently disbarredattorney Justin Peter Parrish of Rocky River for multiple violations ofstate attorney discipline rules…
InsureReinsure
UK: FSA Writes to Compliance Officers Regarding Adequate Protection for Clients’ Assets
On 20 March 2009, the Financial Services Authority (FSA) wrote to compliance officers of all the firms which hold client money permissions to remind them of their responsibilities in abiding…
Legal Profession Blog
Monitored Rather Than Revoked
An Illinois hearing board concluded that a lawyer's license should be "monitored rather than revoked" in a case where the attorney had diverted to himself over $30,000 in fees, half…
Legal Profession Blog
Lost Will, Lost License
From the web page of the Ohio Supreme Court:The license of Cincinnati attorney Darrell Brown has been indefinitely suspended by the Supreme Court of Ohio for misappropriating client funds entrusted…
Legal Profession Blog
New IOLTA Rules Proposed For D.C.
The District of Columbia Bar's disciplinary rules revision committee has proposed amendment to Rule 1.15 with the stated goal of increasing revenue generated by IOLTA funds. A summary of the…
Legal Profession Blog
The Case-By Case Analysis
As if in response to the last post, the Pennsylvania Supreme Court imposed an 18 month suspension of an attorney who had neglected multiple matters and misappropriated advanced fees that…