Law Practice
Jun. 22, 2001
Pesky Procedures
Each year, 4,000 electronic messages are sent to the State Bar from financial institutions reporting an overdraft or dishonored check from a lawyer's client trust account. Trust-account mismanagement constitutes the third-highest bar complaint from clients and third parties. While stringent standards govern California trust accounts, diligence and oversight of trust-accounting procedures can prevent risk of clients' financial loss and disciplinary liability.
Each year, 4,000 electronic messages are sent to the State Bar from financial institutions reporting an overdraft or dishonored check from a lawyer's client trust account. Trust-account mismanagement constitutes the third-highest bar complaint from clients and third parties. While s...
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