Lawyer's Guide for Keeping Proper Financial Records and Accepting Client’s Fees

Lawyer's Guide for Keeping Proper Financial Records and Accepting Client’s Fees

Lawyers are held to very strict protocols regarding their acceptance of retainer fees from clients and the use of the firm’s business and trust accounts. In fact, lawyers found using money from a client’s trust account for business or personal uses can be suspended or disbarred from the practice of law. Here are a few tips for properly handling your firm’s finances.