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A legal ethics blog of Prof. Dane S. Ciolino

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Tag: trust accounting

Louisiana Rule Making

Louisiana Amends Rule Governing Trust Accounting

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 …

Recent Cases

Lawyer Admonished for Trust Accounting Problems “Common in Legal Practice”

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 …

Louisiana Rule Making

Abraham Lincoln Weighs in on Up-Front Fixed Fees

As noted in a recent post, the LSBA Rules of Professional Conduct Committee is evaluating a proposed amendment to Louisiana Rule of Professional Conduct 1.5(f)(2). Under the current rule, a lawyer …

Louisiana Rule Making

Should Fixed Fees Paid Up-Front be Placed in Trust?

That issue is currently under consideration by the LSBA Rules of Professional Conduct Committee. Under current Louisiana Rule of Professional Conduct 1.5(f)(2), a lawyer earns a fixed fee when the …

Louisiana Rule Making

New Rule Requires Quarterly Reconciliation of Lawyer Trust Accounts

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. …

Louisiana Rule Making

Do You Have to Personally Reconcile Your Trust Account Every Month?

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 …

Louisiana Rule Making

LSBA Codes Committee Recommends Rules Changes to House of Delgates

At its September 12, 2013 meeting, the LSBA Codes of Conduct Committee recommended various amendments to the Louisiana Rules of Professional Conduct. The amendments are largely ministerial, except for a …

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