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Avoiding Common Trust Accounting Errors for Well-Intentioned Lawyers

Attorney at Work

If a client deposits $3,000 into your trust account, they need to have a $3,000 credit in your trust account. If you have credit card processing set up to subtract processing fees before making the deposit, the client will have less than $3,000 in the trust account after the deposit is made. This is not right.

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How Do Lawyers Plan for Retirement?

MyCase

Ultimately, it is usually a lawyer’s decision on when to retire—dependent if the law firm has a mandatory retirement policy. Some law firms have policies that require attorneys to retire by a certain age—usually between 65 and 70. law firms have a mandatory retirement policy in place. In some cases, yes.

Lawyer 52