“Running Your Own Firm? Essentials You Need to Know about Trust Accounts and Liability Issues”

On Thursday, January 26, 2012 from 1:30 PM through 4:30 PM Florida Coastal School of Law will host the JBA Continuing Legal Education Program with a presentation entitled, “Running Your Own Firm? Essentials You Need to Know about Trust Accounts and Liability Issues”.  Attorney & Paralegal Credits 3.0 CLER Hours Applied for with The Florida Bar.


1:30 – 2:20pm Title: Trust Account-Ability!

Presentation to cover: Specific accounting records attorneys need to maintain • How to open a IOTA Trust Account and determine if the financial institution is qualified • How to maintain physical property (other than cash) to be held in trust for the client • How to handle client dispute regarding the funds/property held in trust • The perils of delegation (the attorney can delegate duties but not responsibility) • Examples of inadequate trust accounting and reporting (and the potential consequences) • What the attorney needs to do to maintain accurate records and suggested internal controls • How the bank can add value in information reporting in terms of how statements are received (paper, email or file upload) and backup reporting in the event of an audit • How a bank can assist in protecting Trust accounts against unauthorized transactions and monitoring

2:30 – 3:20pm Liability Issues: How to Reduce Your Risk of Law Suit

A discussion on how to reduce your risk of a malpractice lawsuit. Lawyers risk being sued every time they provide legal services. Even if you have not made a mistake, a client may file a lawsuit alleging malpractice. Although you cannot control whether a lawsuit is filed against you, you can minimize your risk.

3:30 – 4:20pm Panel Discussion: The Do’s and Don’ts of Running Your Law Firm

Discussion will cover various questions on running a law firm: Starting a law firm • Law Firm administration • Hiring staff and associates • How to find the right fit for your firm • Partnership issues • Closing a law firm

4:30pm Happy Hour: Sponsored by Jacksonville Bank

8787 Baypine Road
Oak Grove Building, Room 145
For more information and to register, visit https://www.jaxbar.org/civicrm/event/info?reset=1&id=28 by Tuesday, January 24th. Early Bird Special: Sign up by January 13th and receive $20 off your registration fee!