Categories : Legal Ethics
Rule 1.15: Not Your Father’s Client Trust Account Rule
By David C. Carr
As of November 1, 2018, California lawyers are subject to a new rule on safekeeping the property of clients and others: Rule 1.15. The new rule differs from the prior rules in effect since 1928 in three significant areas: (1) advanced fees (2) flat fees and (3) holding funds for persons who are not clients.