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Trust Account Basics for New Lawyers


Credit Available - See Credits tab below.

Average Rating:
   6
Categories:
How to Start a Law Firm |  Law Practice Management
Faculty:
Mark Bassingthwaighte, Esq
Duration:
01:00
Format:
Audio and Video
License:
Access for 3 month(s) after purchase.


Description

Trust account problems remain one of the top reasons attorneys are disciplined in the US. Certainly there have been and will continue to be attorneys whose trust accounting activities are egregious and in some situations criminal. However, this does not account for all of the problems. Far too often, an attorney was less than diligent about maintaining proper and appropriate financial practices in the office and things simply got out of hand. This program will start with a discussion of trust accounting basics, address common missteps lawyers make, and share best practices to help attorneys stay on the right path.
 
A Sampling of Attendee Takeaways:

  • An explanation of the basics of setting up and maintaining a client trust account 
  • An awareness of the importance of attorney oversight of client property coupled with the details of how to accomplish this
  • An understanding of the common missteps that others make.
  • How a misunderstanding of banking terms and practices can lead to problems.

Credits


Alaska
General Credits Ethics Credits
1 0

 


Arizona
General Credits Ethics Credits
1 0

 


California
General Credits Ethics Credits
1 0

 


Florida
General Credits Ethics Credits
1 1

 


Georgia
General Credits Ethics Credits
1 1

 


Indiana
General Credits Ethics Credits
1 1

 


Kansas
General Credits Ethics Credits
1 0

 


Maine
General Credits Ethics Credits
1 0

 


Michigan
General Credits Ethics Credits
1 0

 


Nevada
General Credits Ethics Credits
1 1

 


New Mexico
General Credits Ethics Credits
1 0

 


North Dakota
General Credits Ethics Credits
1 0

 


South Carolina
General Credits Ethics Credits
1 0

 


South Dakota
General Credits Ethics Credits
1 0

 


Texas
General Credits Ethics Credits
1 0

 


Vermont
General Credits Ethics Credits
1 0

 


Virginia
General Credits Ethics Credits Well-being Credits
1 0

 


Washington
General Credits Ethics Credits
1 0

 


West Virginia
General Credits Ethics Credits
1.2 0

 


Wyoming
General Credits Ethics Credits
1 1

 



Handouts

Faculty

Mark Bassingthwaighte, Esq's Profile

Mark Bassingthwaighte, Esq Related Seminars and Products

Risk Manager

ALPS


Since 1998, Mark Bassingthwaighte, Esq., has been a Risk Manager with ALPS, the nation’s largest direct writer of lawyers’ malpractice insurance. In his tenure with our company, Mr. Bassingthwaighte has conducted over 1200 law firm risk management assessment visits, presented over 600 continuing legal education seminars throughout the United States, and written extensively on risk management, ethics, and technology. Mr. Bassingthwaighte is a member of the State Bar of Montana as well as the American Bar Association where he currently sits on the ABA Center for Professional Responsibility’s Conference Planning Committee. He received his J.D. from Drake University Law School.


Reviews

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Overall:      4.8

Total Reviews: 6