WR Immigration partners will be panelists on multiple presentations next week at the AILA Annual Conference, taking place virtually this year. See below for a full list. All times listed below are Eastern. Wednesday June 9th, 2021 2:15pm–3:30 pm – Compendium Live: Understanding the Ethics Rule on Lawyer Trust Accounts (Ethics) Lawyers can exercise substantial discretion in many aspects of their work, but when it comes to trust accounting and managing their IOLTA, there are often bright-line rules. Though failure to follow these rules can have serious consequences, many attorneys lack a solid understanding of what they need to do. Panelists will showcase the AILA Ethics Compendium’s chapter on Rule 1.15, and will use hypotheticals to help attorneys understand this important topic. Main Points: When You Need a Lawyer Trust Account, Where to Establish One, and Which State’s Rules Apply Where to Deposit Unearned Flat Fees Paid Upfront, Advance Fee Deposits for Hourly Work, and Advance Payments for Costs and Expenses What Kind of Record-Keeping Is Required? How to Do Monthly Reconciliations How to Work Ethically with Accountants and Bookkeepers Presenters: Kenneth Craig Dobson (DL), AILA Ethics Committee Chair, New York, NY Michelle N. Carney, AILA Ethics Committee Vice Chair, […]
