How Law Firms Should Manage Client Retainers
When it comes to legal accounting it is important to understand that not all funds are the same. Attorneys deal with two major types of bank accounts: operating accounts and trust accounts.
You may be asking yourself, “What is the best way to handle client retainers? Should my firm be putting client retainers in an operating account or a trust account?” Unfortunately, or fortunately, depending on how you look at it, there is no right or wrong answer. Download the full guide to learn how your law firm should be managing client retainer funds.