Attorneys would be required to register client trust accounts and potentially undergo certified compliance reviews under recommendations being considered by the California Bar.
The bar’s Board of Trustees during meetings on Thursday and Friday is scheduled to discuss and back a report and recommendation to establish a new program to protect client trust accounts. The next step is for the board to draft any rule proposals and put them out for public comment.
The bar in July established a special committee to examine discipline cases against disgraced attorney Tom Girardi, who is accused of misappropriating millions of dollars of ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.