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Tag Archives: trust accounting

Watch: 10 Do’s and Don’ts of Legal Trust Accounting

Handling client funds can be one of the most complex parts of running a law practice. The rules and regulations of handling client funds can become very difficult based on the specific type of account, your local jurisdiction, and other factors. As an attorney, you are the one responsible for the proper management of these funds. If you want to ...

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10 Do’s & Don’ts of Legal Trust Accounting

Handling client funds can be one of the most complex parts of running a law practice. The rules and regulations of handling client funds can become very difficult based on the specific type of account, your local jurisdiction, and other factors. As an attorney, you are the one responsible for the proper management of these funds. If you want to ...

Read More »

Watch: Better Trust Accounting

Each year, the State Bar of California’ Office of Chief Trial Counsel, the bar’s prosecution unit, receives over 2,000 reports of bounced checks from banks holding law firm trust accounts. Some of these may be innocent error, but the public is also reading high profile articles about trust account abuse. To add to the complexity, some law firms experience the opposite ...

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Better Trust Accounting

Each year, the State Bar of California’ Office of Chief Trial Counsel, the bar’s prosecution unit, receives over 2,000 reports of bounced checks from banks holding law firm trust accounts. Some of these may be innocent error, but the public is also reading high profile articles about trust account abuse. To add to the complexity, some law firms experience the opposite ...

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What I Wish I’d Learned in Law School: How to Run an Ethical Office

In this video, we will cover the best communication practices for addressing clients followed by the ins-and-outs of creating an effective fee agreement. Lastly, you will discover the necessary steps it takes to run an efficient and ethical office by understanding financial control and the psychology of billing, including a discussion on the proper use of trust accounts. Key Points: ...

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7 Vital Trust Accounting Reports

Are all of your trust accounts always “audit ready”? Trust accounting is one of those aspects of running a practice that comes with a zero tolerance for error. The penalties — for both the attorney and the firm — be can severe. In this video, we will dive into the 7 most vital trust accounting reports you should be properly ...

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7 Critical Reports for Trust Accounting

Trust accounting is one of those aspects of running a practice that comes with a zero tolerance for error. The penalties — for both the attorney and the firm — be can severe. However, it’s so tedious and time consuming to keep up with all the required documentation that many firms procrastinate or just do a partial job each month. ...

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How to Survive Your Trust Account Audit

Trust accounts are an integral part of many practices, and unfortunately they are also a common source of disciplinary trouble. Seamlessly incorporating your trust accounting into your day-to-day practice management routine is one of the best ways to protect yourself, your firm, and your clients. Yet many firms choose to maintain separate trust accounting systems – increasing complexity and risk ...

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