Commingling of Funds: What Lawyers Need to Know
Clio
JUNE 14, 2023
It may appear to be a technical area, but the commingling of funds is a peril of legal practice that firms must learn to avoid. This can occur when a lawyer holds their funds in the same account as their clients, for instance. Generally, people refer to the failure to comply with these guidelines as commingling of funds.
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