The Ethics of Practice Management

505 views
433 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
505
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

The Ethics of Practice Management

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

×