Tech Tip #128: Do You Understand Trust Fund Compliance?
A lot goes into client trust fund accounting. Unfortunately, for lawyers, there are few attorneys out there who understand what that is. From maintaining a positive balance, when to claim funds as the firms, what fees can be deposited, and the commingling of client funds, there is a lot to understand. It ultimately falls on the managing attorneys to ensure their accounting is compliant. Take our quiz to find out if your firm may have trust fund accounting compliance issues.