5: Trust Your Ledger

To keep track of your trust account, you must maintain a chronological ledger of:

All Deposits - showing the date of each deposit, the amount, the identity of the client or third person for whom the funds were deposited, and the purpose of the deposit;

All Disbursements - showing the date of each disbursement, the amount, the payee, the identity of the client or third person for whom the disbursement was made (if not the payee), and the purpose of the disbursement. For each disbursement made by electronic transfer, you must maintain a written memorandum authorizing the transaction and identifying the attorney responsible for the transaction.

The trust ledger displays all activity on the account, including deposits, disbursements, checks, payees and the clients and matters to which they pertain. You must reconcile this data with the statements you receive from your bank on a monthly basis. If you want to avoid overdrafts and other errors that catch the attention of Bar Counsel, this is indispensable.

This Ledger Shows All Transactions for All Clients in All Cases
This Ledger Shows All Transactions for All Clients in All Cases for a Specified Period
Attorney Grievance defense attorney specializes in defending lawyers in disciplinary proceedings before the Maryland Attorney Grievance Commission and the D.C. Bar's Board on Professional Responsibility involving professional misconduct, legal ethics, disbarment, suspensions of law licenses, petitions for disciplinary action, reprimands and sanctions for unethical conduct. If you receive a letter from Bar Counsel Lydia Lawless, Disciplinary Counsel Hamilton Fox, or from any attorney disciplinary board in Maryland or the District of Columbia, retain experienced attorneys with expertise in lawyer discipline and breach of ethics cases to avoid sanctions for professional misconduct. We help lawyers avoid disbarment, suspension, reprimands, censure and informal admonitions by drafting responses to client grievances and ethical complaints; representing lawyers in peer reviews, evidentiary hearings, and oral arguments before the BPR and the Court of Appeals; filing petitions to reinstate an attorney's license to practice law; conducting law firm ethical compliance audits; and drafting legal ethics opinions to protect lawyers from ethics charges. In many cases, disciplinary proceedings may be dismissed, dismissed with a warning, or result in a conditional diversion agreement with Bar Counsel to rectify misconduct. Lawyers may need help in managing their law firm attorney escrow IOLTA trust account and complying with attorney trust accounting rules to avoid charges of ethical misconduct. Do not represent yourself in responding to an attorney grievance, law firm client complaint, or other allegation of ethical impropriety. Attorney grievance defense counsel may help you comply with legal ethics rules, avoid sanctions like suspension or disbarment, and avoid future attorney grievances.

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By The Lawyer's Lawyers | Kramer & Connolly and Irwin R. Kramer who are responsible for the content of this informational website.   This website is designed for lawyers faced with attorney grievances. As cases do differ, past performance does not guarantee future results.
 

NOT AFFILIATED WITH THE ATTORNEY GRIEVANCE COMMISSION OF MARYLAND
OR THE BOARD ON PROFESSIONAL RESPONSIBILITY OF THE D.C. BAR