Topic
client funds
150 published works
Legal Profession Blog
The Gold Standard
An attorney admitted in 1966 had his resignation accepted by the New York Appellate Division for the Third Judicial DepartmentRespondent was admitted to practice by this Court in 1966 and…
The Suite Spot
When to Use Client Trust Accounts vs. IOTLA
The introduction of legal trust fund management software has revolutionized the management of these accounts, making the process simpler, more efficient, and less prone to errors. The ethical management of…
Legal Profession Blog
Less Than Disbarment For Multiple Misappropriations
In a case involving misappropriation, the Illinois Review Board rejected the Administrator's call for disbarmentWe agree with the Hearing Board that the sanction should be a three-year suspension, UFO, stayed…
Bench & Bar of Minnesota
Conducting a trust account self-assessment
By Minnesota State Bar Association
BY SUSAN HUMISTON Safekeeping client or third-party funds relating to a representation is one of the most important legal and ethical duties lawyers have. Safekeeping is not only an important…
Legal Profession Blog
Poor Bookkeeping Practices
The Illinois Hearing Committee recommends a suspension of six months and until further order of an attorney who had defaulted on disciplinary chargesThe allegations deemed admitted establish that Respondent: 1)…
Allens Insights
(WIP) ASIC spotlight on compliance
By Allens
5 min read ASIC has recommended all superannuation trustees should review their compliance with s1017E of the Corporations Act after a thematic review found widespread 'deficiencies'. ASIC recently completed a…
Legal Profession Blog
Intent Is Key Factor In Sanction For Misappropriation
The District of Columbia Board on Professional Responsibility concludes that an attorney engaged in reckless misappropriation and should be disbarred.The Hearing Committee found that the conduct was negligent and should…
Legal Profession Blog
A Month In Florida
From the June 2023 Florida Bar discipline summariesStephen Matthew Bander, 121 NE 46th St., Miami, disbarred, effective 30 days following a May 11 court order. (Admitted to practice: 1999) Following an SEC…
Legal Profession Blog
Bad Bets
The imposition of an interim suspension by a single justice was affirmed by the full Massachusetts Supreme Judicial Court.The allegationsThe petition asserts that Tariri had misappropriated hundreds of thousands of…
Clio Blog
What Is an IOLTA Account? A Complete Guide
By Publisher
As a trusted legal professional, it’s important to understand Interest on Lawyer Trust Accounts (IOLTA) accounts and how they work. Law firms need to follow very specific rules on how…