WebCredenza 2025 Client funds: Common pitfalls and how to avoid

Recording available after the original program date, 1/30/2025

This program provides attorneys with essential guidance on managing client funds to ensure compliance with ethical and legal obligations. Participants will learn about common mistakes, such as commingling funds, improper disbursements, and inadequate recordkeeping, that can lead to disciplinary actions. The program will also offer practical strategies and best practices for safeguarding client funds and maintaining accurate financial records. By the end of the session, attorneys will be better equipped to avoid pitfalls and uphold their fiduciary duties with confidence.

• Understanding ethical rules and fiduciary duties related to managing client funds.
• Identifying common mistakes, such as commingling, misappropriation, and improper disbursements.
• Best practices for maintaining accurate trust account records and complying with financial reporting requirements.
• Practical strategies to safeguard client funds and avoid disciplinary actions or malpractice claims.

Opinions and positions stated by presenters of MoBarCLE programs are those of the presenters and not necessarily those of The Missouri Bar. This program is intended as information for lawyers in Missouri, in conjunction with other research they deem necessary, in the exercise of their independent judgment.

Note: This material qualifies for self-study credit only. Pursuant to Regulation 15.04.5, a lawyer may receive up to six hours of self-study credit in a reporting year. Self-study programs do not qualify for GAL Certification, ethics, elimination of bias or Kansas credit.