Trust Account Basics

Learn the essential guidelines and practices for managing trust accounts in the legal profession. This course covers the critical aspects of trust account management, including the differences between trust accounts and IOLTA accounts, compliance with state bar regulations, and best practices for maintaining accurate records and avoiding common pitfalls. Whether you’re new to trust accounting or looking to refine your knowledge, this course provides practical insights to help you ensure compliance and safeguard your firm’s reputation.

This session will cover the practical aspects of managing Client Trust Accounts in a law firm and what profitability measures lawyers should be reviewing.

•    Client Trust Account Protection Program [CTAPP]
•    What reports should you have for your trust account?
•    How should your trust account be reconciled?
•    Common mistakes

Who should attend?
•    Any firm member involved in client billing or bank account reconciliation.
•    Managers of law firms and/or accounting departments.
•    Any California attorney who has not been trained in trust accounting compliance.