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Attorney Trust Accounting – How to Avoid Errors and Stay Compliant

Category: On Demand

Member Price: $140

Non-Member Price: $175

Product Code: ON153025

Areas of Law: Ethics

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CLE Credits
NJ CLE:NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 2 hours of total CLE credit, including 2.0 in Ethics (Full Credits Available: NJ Ethics: 2.0, NJ New Admit Trust & Business Accounting: 2.0).
NY CLE:NY Ethics Non-Transitional: 2.0
PA CLE:PA Ethics Credit: 1.5
New: No PACLE fee is required for this program. To earn PA CLE credits, a valid PA Bar ID number must be entered into the CLE form provided after attending the program.
Faculty

Keynote

Moderator

Presenters

Bonnie C. Frost, Esq.
Chair, Ethics Diversionary Program
Einhorn, Barbarito, Frost, Botwinick, Nunn & Musmanno, P.C., Denville
Patrick B. Minter, Esq.
Donnelly Minter & Kelly LLC, Morristown
G. Glennon Troublefield, Esq.
Carella, Byrne, Cecchi, Brody & Agnello, PC, Roseland

This program offers crucial accounting information for experienced and newly admitted New Jersey practitioners alike. In the day-to-day of running a practice, it can be easy to let the business side of things take a back seat. Unfortunately, trust and business accounting mistakes can lead to serious consequences for attorneys, including suspension and disbarment. 

Solo or small-firm practitioners need to know the trust accounting rules, as they are responsible their office and the correct accounting and handling of moneys they hold in a trust. Practitioners in larger firms should also know trust accounting rules, especially managing partners who oversee the firm’s books. Even larger firms, where accounting responsibilities are delegated to bookkeeping departments, are susceptible to ethics trouble when their employees don’t follow the rules.

The program will provide insights on:

  • Basic obligations under the Court Rules and Rules of Professional Conduct
  • Trust accounting essentials
  • Negligent misappropriation
  • How to respond appropriately in a random audit