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lawyer trust accounts
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Dodd-Frank deposit insurance provision which insures unlimited lawyer IOTA funds will expire on 12/31/12 unless renewed by Congress and funds will then qualify only as pass-through fiduciary funds up to $250,000.00 per client

Hello everyone and welcome to this Ethics Alert blog which will discuss the scheduled expiration of the Dodd-Frank Deposit Insurance Provision on December 31, 2012 which would remove the unlimited deposit insurance coverage for Interest on Lawyer Trust Accounts (IOLTAs- called IOTA trust accounts in Florida) to fiduciary account coverage of $250,000.00 per client ledger Read More

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Indiana Bar Ethics Opinion warns that lawyer participation in group coupon programs as a marketing tool may be unethical

Hello and welcome to this JACPA Ethics Alert blog which will discuss the recent Indiana State Bar Association Ethics Opinion which states that a lawyers’ use of group coupon or daily deal programs to obtain new clients is “fraught with peril” and most likely violates Indiana Bar Rules.  The opinion is Indiana State Bar Association Read More

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Florida Supreme Court opinion makes revisions to Bar Rules related to trust accounts and reporting misconduct in mediation

Hello and welcome to this JACPA Ethics Alert blog which will discuss the very recent opinion of the Supreme Court of Florida adopting revisions to, inter alia, Bar Rule 5-1.2, Trust Account Records and Procedures and Rule 4-8.3(c) Reporting Professional Misconduct.  The amendments will become effective 7/1/12. The Bar proposed various revisions to Rule 5-1.2 Read More

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The Florida Bar finds no probable cause to proceed on trust account allegations against KEL law firm partners related to money scam

Hello and welcome to this JACPA Ethics Alert blog which will discuss the recent media reports that The Florida Bar no probable cause to proceed against partners in Orlando’s KEL law firm related to Bar rule violations related to an international money scam in which the law firm was defrauded of more than $285,000.00. The Read More

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