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Financial Management

Understanding Trust Accounts: Your Guide to Best Practices

Trust accounts are designed to safeguard client funds, ensuring that lawyers maintain the highest standards of integrity and professionalism. Lawyers frequently handle client funds, making trust accounts an essential tool for separating firm funds from client funds. By following best practices and leveraging technology designed for trust accounting, law firms can maintain the highest level of …

Annie Solomon

September 18, 2023 •

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Trust accounts are designed to safeguard client funds, ensuring that lawyers maintain the highest standards of integrity and professionalism.

Lawyers frequently handle client funds, making trust accounts an essential tool for separating firm funds from client funds. By following best practices and leveraging technology designed for trust accounting, law firms can maintain the highest level of client trust and financial responsibility.

In this quick reference guide, we delve into the details of trust accounts, why they are essential, and how to manage them effectively.

Download your copy of the quick reference guide today!

Download the Quick Reference Guide