Showing 1 post in IOLTA.

Avoiding Ethics Problems with Client's Money – IOLTA is your Friend not your Banker

For lawyers, money in the door isn't really money in your door. This is because the money clients send you is still the client's money until you earn it. Lawyers create trouble for themselves by mingling a client's money with the lawyer's money. For a moment, consider the issue from the client's perspective... how can I be confident that my lawyer is keeping my money safe? (See model rule 1.15 – Safekeeping of Client Property) Answer: put the client's money in an account that is separate from the account holding the lawyer's money. More ›

Subscribe via Email