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 stay clear of an ethics violation, you need to educate yourself on the basics. We’ve identified 10 of the most common trust accounting compliance challenges that solo and small law firms face, and we’ve created an easy-to-follow “do’s and don’ts” list to educate you and your firm. In this video, you will learn what types of funds can go into your trust account, tips for maintaining evergreen retainers, and how to survive an audit.

At the end of the day, every penny received from your clients needs to be properly booked to the correct client, matter, and account. This video will show you where to get started, how to create proper trust accounting reports, and ways that modern technology can help you run a more efficient and compliant law firm

Learning Objectives:

• What is Legal Trust Accounting?
• Understanding The Top 10 Trust Accounting Compliance Challenges
• Recognizing Proper Trust Accounting Records
• Learning How Technology can Assist in Trust Account Management

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Please note: this is a non CLE session.
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