Virginia Bar president considers attorney trust audits
Headline Legal News
The president of the Virginia State Bar is proposing random audits of lawyer trust accounts.
Lawyers use trust accounts to temporarily hold real estate proceeds or retainers until they are disbursed to a third party or -- once a fee is earned -- to the lawyer.
It is a severe violation of professional conduct for a lawyer to mingle trust account money with personal funds or operating money.
But it does happen.
According to the state bar, a Virginia Beach attorney had his license revoked after he wrote 72 checks that he couldn't cover from 2002 to 2005. The checks totaled $3.3 million.
Bar president and Norfolk lawyer Howard Martin Junior says will make the audit proposal to the bar's executive committee next month. The American Bar Association recommends that every state conduct random audits to protect the public.
Related listings
-
Musk gives all federal workers 48 hours to explain what they did last week
Headline Legal News 02/20/2025Hundreds of thousands of federal workers have been given little more than 48 hours to explain what they accomplished over the last week, sparking confusion across key agencies as billionaire Elon Musk expands his crusade to slash the size of federal ...
-
Romania’s top court annuls first round of presidential vote
Headline Legal News 12/06/2024A top Romanian court on Friday annulled the first round of the country’s presidential election, days after allegations that Russia ran a coordinated online campaign to promote the far-right outsider who won the first round.The Constitutional Co...
-
Tight US House races in California as GOP maintains control over the chamber
Headline Legal News 11/11/2024Republicans and Democrats awaited the outcome of vote-counting for crucial U.S. House districts in California on Wednesday, as the GOP clinched majority control of the chamber next year with a race call in neighboring Arizona.In a rematch from 2022, ...
Any contracts or any transactions can go awry at any time
We know your business means a lot to you and want to understand all the aspects of your business so that we can help you in the best ways possible. We don’t discriminate depending on the size of your company. Our mission statement is to represent all business owners and entrepreneurs by navigating them through the rough waters of business litigation and guiding them to success.
We are attorneys who want to make sure we understand your business objectives and goals before we start providing you with legal counsel individualized to your business. We know what it means to be dedicated to your business. After all, we are a business as well. And just like you, we want to provide the best service we can to our clients.
Any contracts or any transactions can go awry at any time. Sometimes, making important business decisions without legal help from business attorneys could cost you your business.We don’t want you or your business to be misconstrued by anyone. Our attorneys make sure that we communicate with you often to make sure we are giving you the legal guidance you need at all times. We make sure we are responsive in a timely-manner with every single one of our clients to help them identify risks and prevent legal battles before they arise.