The New Jersey Supreme Court recently decided several cases in which experienced attorneys inadvertently misappropriated client funds and were disbarred or suspended. These attorneys did not knowingly steal the funds, but they violated prescribed trust accounting rules due to faulty or non-existent procedures.
While many of us may think of attorney trust and business accounting as material for a new attorney course (reminiscent of the old “Basic Skills” requirement), a solid knowledge about how to properly account for client funds is as vital to a law practice as how to write a will or argue a motion. An attorney can possess a sharp legal mind, an aptitude for the practice of law and an altruism that has them volunteering their time to pro bono causes, but if they inadvertently overdraw their trust account, their career can be ruined. This is so even if the client whose funds are transferred is never financially harmed.
This seminar is for everyone – attorneys who are experienced, just starting out or somewhere in between – to ensure that you do not unintentionally create a mistake that will cost you your career.
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