October 04, 2019
Many banks offer services, settings, and tools that can add security to any account – including your trust account. But some bank employees aren’t familiar with lawyer trust accounts, the heightened duties attached, or even all the security features on offer at the bank. Be assertive. You may need to initiate conversation with an account specialist or ask for items by name to take advantage of some of the security features that follow.
by Lee Wachocki
December 28, 2018
“Can I pay with a credit card?” If a lot of clients are asking and your answer is still “no,” it might be time to say “yes.” You can navigate most of the practical and ethical issues surrounding card payments if you identify avoidable risks and use a card processing service that offers safe solutions.
by Lee Wachocki
August 11, 2017
The safekeeping of property is a well-known responsibility of lawyers. Attorneys understand that we must take great care in holding and accounting for any money in our possession that belongs to clients or third parties. But what happens when a lawyer has kept a client’s money safe, and the client is nowhere to be found come time for distribution? Does the lawyer keep the money in trust indefinitely? Do the funds become the property of the law firm?
February 10, 2017
Lawyers set fees for clients using a variety of arrangements. Charging a fixed fee, a set price for the services the lawyer provides, offers benefits to both you and the client. In addition, fixed fee agreements may reduce the possibility of fee disputes and increase the likelihood of carefully documenting the scope of representation.