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Finding Balance: How to Use Software to Better Manage Your Trust Accounts Webinar

Wednesday, May 8, 2019 12:00 PM to 1:00 PM
- , Boston, MA


Perhaps the most important responsibility that lawyers have is the collection, management, and distribution of other people’s money. That responsibility is governed by very specific rules. Even given the presence of specific trust accounting rules, most lawyers don’t manage their trust accounts correctly. But attorneys ignore IOTLA accounting requirements at their own risk. Mismanaging your trust accounting is the quickest path to bar discipline, in part because it’s the most obvious possible ethics violation -- it’s not a question of when and how you engaged a client, it’s a simple review of a series of financial transactions.

Your best path forward is to establish a system for managing your trust accounts and to reconcile those accounts at the required interval (every 60 days). However, any system you establish should be backed by a software system that can automate much of the trust accounting process for you. That’s how a modern law firm does it, and that’s how your law firm should do it. In this webinar, we’ll discuss the setup and management of trust accounts and how to best systematize trust account management using law firm software.

Presented by Erika Reynolds (Product Consultant at legal technology company LEAP) & Jared D. Correia, Esq.

To register for this event, click here.



Tara Trask


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