Trust accounting has always been a hot topic for ethics regulators. Understandably, of course, since how lawyers handle their clients’ money goes not only to the heart of the trust between a lawyer and a client, but it can also have wide-ranging ramifications for the public's perception of the profession. None of us are well-served by headlines about lawyers stealing or mishandling clients’ money. Right now trust accounting is getting a fresh wave of attention in California as the state bar (the ethics regulator in that state) considers whether to begin instituting random trust account audits. ... READ MORE
March 31, 2014 0 1
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