Writing for the Attorney At Work blog, ALPS Risk Manager, Mark Bassingthwaighte, Esq., offers seven steps to follow in handling client funds - advice that can significantly reduce the likelihood of you facing a disciplinary board for a trust account violation.
"Trust account problems are one of the top reasons lawyers are disciplined in the U.S. Certainly there are attorneys whose trust accounting activities are egregious—even criminal. But this doesn’t account for all of the problems. Too often, an attorney is less than diligent about maintaining proper and appropriate financial practices and things simply get out of hand."
Read the entire post Tips for Handling Client Funds (2/26/2013) here.