What Every Lawyer Should Know About Operating and Trust Accounts

CosmoLex Team

Operating and Trust Accounts

No matter how large or small, almost every law firm needs an operating account and a client trust account. But despite how common it is to need both types of accounts, not every lawyer understands the important differences between them—a mistake with major implications. Below, we’ll break down how to keep it all straight, avoid common pitfalls, and even run … Read More

What Lawyers Need to Know about Trust Accounts

CosmoLex Team

Legal Trust Accounts

Almost every lawyer will handle a client trust account at least once in their career. Trust accounts operate according to very specific regulations, and even if you live and breathe them every day, it can still be a lot to keep track of. Never mind if it’s your first time handling a trust account or you haven’t touched one for … Read More