Trust Account Basics for New Lawyers
Credit Available - See Credits tab below.
Total Credits: 1 Alaska, 1 Arizona, 1 California, 1 Florida, 1 Georgia, 1 Indiana, 1 Kansas, 1 Maine, 1 Michigan, 1 Nevada, 1 New Mexico, 1 North Dakota, 1 South Carolina, 1 South Dakota, 1 Texas, 1 Vermont, 1 Washington, 1.2 West Virginia, 1 Wyoming
- Average Rating:
- 10
- Categories:
- How to Start a Law Firm | Law Practice Management
- Faculty:
- Mark Bassingthwaighte, Esq.
- Duration:
- 01:00
- Format:
- Audio and Video
- Original Program Date:
- Jun 07, 2023
- 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
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 1 |
| General Credits | Ethics Credits |
| 1 | 1 |
| General Credits | Ethics Credits |
| 1 | 1 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 1 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1 | 0 |
| General Credits | Ethics Credits |
| 1.2 | 0 |
| General Credits | Ethics Credits |
| 1 | 1 |
Handouts
| Trust Account Basics Supplemental Materials (11.1 MB) | 19 Pages | Available after Purchase |
Faculty
Mark Bassingthwaighte, Esq. Related Seminars and Products
Risk Manager
ALPS
Mark Bassingthwaighte, Esq., serves as Risk Manager at ALPS, a leading provider of insurance and risk management solutions for law firms. Since joining ALPS in 1998, Mark has worked with more than 1200 law firms nationwide, helping attorneys identify vulnerabilities, strengthen firm operations, and reduce professional liability risks. He has presented over 700 continuing legal education (CLE) seminars across the United States and written extensively on the topics of risk management, legal ethics, and cyber security. A trusted voice in the legal community, Mark is a member of the State Bar of Montana and the American Bar Association and holds a J.D. from Drake University Law School. His mission is to help attorneys build safer, more resilient practices in a rapidly evolving legal environment.
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