2-Hour Program

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Overview

Why You Should Attend

If you are a lawyer practicing in New York State who handles client funds, you must maintain an IOLA or other escrow account and must be aware of the ethical rules regarding such accounts.  At Ethical Issues in New York State Escrow Accounts, you will learn how  ethical violations – even unwitting ones – can arise in the administration of attorney trust accounts as well as best practices for setting up and managing your escrow accounts to avoid any  ethical issues.

What You Will Learn

  • The difference between an IOLA account and a non-IOLA escrow account
  • Ethical requirements regarding opening and managing attorney escrow accounts, including IOLA accounts
  • What to do with escrow funds of missing clients, retainer fees and my bank’s offer of an ATM card for my escrow account
  • Avoiding unintentional ethical violations that could result in disciplinary action
  • Best practices and practical advice on managing escrow accounts, including record-keeping procedures, how to supervise non-attorney staff who administer your escrow account and how partners must share oversight of escrow accounts
  • The perspective of the Grievance Committee on how to avoid violations and what to do if you are the subject of an investigation
  • How New York’s legal profession protects law clients victimized by lawyer theft of escrow funds

Who Should Attend

All attorneys in New York State who handle, or who supervise others involved with, escrow accounts.

Credit Details