CNA, the leading malpractice insurer for Louisiana lawyers, recently distributed to its insureds helpful advice as to how they should handle client trust and IOLTA accounts. See CNA, Professional Counsel, Client …
On June 25, 2021, the Louisiana Supreme Court issued an order revising the Louisiana Rules of Professional Conduct provisions governing the safekeeping of property. The court’s revisions became effective on …
In 2016, the Louisiana Supreme Court amended Rule 1.15 to provide guidance to lawyers as to the what to do with “Unidentified Funds” in a trust account. See Order Amending …
On January 4, 2017, the New Jersey Supreme Court disbarred a lawyer for, among other things, using client trust funds to pay for phone sex. See In re James P. Madden, …
The Vermont Supreme Court has privately admonished a lawyer for engaging in trust accounting irregularities that the court noted are “common in legal practice, particularly for small firms and solo …
Your representation is over. Whether it ended through completion of the underlying matter or through your termination by the client, what portions of the file must you surrender to your client (or …
No, if the lawyer has otherwise taken reasonable efforts to safeguard client and third-party funds in the lawyer’s trust account. See N.C. Bar Assoc. Formal Op. No. 6 (Oct. 23, 2015). …
On January 13, 2015, the Louisiana Supreme Court adopted a Louisiana State Bar Association recommendation to amend Rule 1.15 to require periodic reconciliations of client trust accounts. See La. Sup. Ct. Order of Jan. …
You will if the Louisiana Supreme Court adopts a recent LSBA House of Delegates resolution requiring just that. On Saturday, January 25, 2014, the House considered a resolution “to amend …
Uncertain. Under Louisiana Rule 1.15(a): A lawyer shall hold property of clients or third persons that is in a lawyer’s possession in connection with a representation separate from the lawyer’s own …
