The proper handling of client funds is a foundational responsibility for lawyers. Trust accounting — specifically, the management and recordkeeping of client trust accounts — is an aspect of legal practice that demands meticulous attention.
Best Practices and Common Pitfalls In Trust Accounting
Trust accounting — specifically, the management and recordkeeping of client trust accounts — is an aspect of legal practice that demands meticulous attention. This article identifies best practices for trust accounting and recordkeeping and outlines common pitfalls in an effort to help lawyers maintain compliance and uphold client trust.
By
Diana C. Manning , Benjamin J. DiLorenzo and Kyle A. Valente
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