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The Ethics of Practice Management
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The Ethics of Practice Management

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Transcript

  • 1. The Ethics of Practice Management Beverly Michaelis  Sheila Blackford  Dee Crocker
  • 2. Trust Accounting Beverly Michaelis, J.D. Practice Management Advisor
  • 3. What is at Stake?
  • 4. Our Topics  6 Key Concepts  Protecting Client Money  Resources
  • 5. 6 Key Concepts
  • 6. Concept #1 Unearned Money Belongs in Trust 1. Retainers 2. Settlement Proceeds 3. Overpayments
  • 7. Concept #2 Deposit Funds Promptly  Deposit Daily  Protect After Hours  Issue Receipts for Cash
  • 8. Concept #3 Don’t Spend What You Don’t Have 1. Funds Must Clear 2. Follow the 3-5-10 Rule 3. Be Wary of Check Scams
  • 9. Concept #4 Account to the Client
  • 10. Concept #5 Beware of Nonrefundable Fees  Put it in Writing  “Earned Upon Receipt”  Refund if Work not Done  Dishonest?
  • 11. Concept #6 Strict Liability Applies Every lawyer shall certify annually that the lawyer is in compliance with Rule 1.15-1. ORPC 1.15-2(m)
  • 12. Protecting Client Money
  • 13. To Catch a Thief 1. Endorse and Lockup 2. Protect Credit Card Numbers 3. Cancel Invoices 4. Supervise Staff 5. Learn More
  • 14. Resources
  • 15. Oregon State Bar • Ethics Opinions • Bar Counsel Article Archive • Ethics Advice (503) 620-0222 or (800) 452-8260 www.osbar.org
  • 16. Beverly Michaelis Dee Crocker Sheila Blackford  Practice Aids  Books  CLEs  Practice Management Help 503-639-6911 or 800-452-1639 www.osbplf.org
  • 17. Trust Accounting for Solos
  • 18. Conclusion 1. Remember What is at Stake 2. Follow Proper Procedures 3. Call if you Need Help
  • 19. How Will You Benefit? 1. Ethical Obligations Met 2. Finances in Order 3. Fewer Fee Disputes 4. No More Sleepless Nights

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