Trust Fall: If You Haven’t Already, Now Would Be a Good Time to Automate Your Trust Account Management
NCBA Law Practice Management Blog
AUGUST 9, 2020
Law firms put themselves through some interesting gymnastics in order to reconcile trust accounting, well or poorly – mostly poorly. There’s a couple of reasons for that: (1) Lawyers are pretty bad at math, finance. That’ s definitely a thing. (2) Also, law firms tend not to focus on utilizing technology throughout the trust account management process, and errors tend to occur when busy lawyers (or their staff) use analog methods to try to balance accounts, or review account balances.
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