ST Alpha - "q. if you hold a million in client funds, does all of it have to remain inviolate, or as long as there is enough reserve to pay on demand you can tap -- nm" (Reading a Post)

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In response to "does he still have clients? is he still working in law? -- nm" by [email protected]

q. if you hold a million in client funds, does all of it have to remain inviolate, or as long as there is enough reserve to pay on demand you can tap -- nm

Posted by [email protected] (aka zeitgeist) Nov 12 '14, 13:22

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Responses:

Under the model ethics rules, all client funds are inviolate. - ReluctantCynic Nov 12, 13:36 1
- us service providing guys are always told, call prepaid funds 'retainers' because deposits are refundable, not retainers -- nm - [email protected] Nov 12, 14:06
supposed to be in a trust fund, at least in Canada. -- nm - Beaker Nov 12, 13:31
a. if you have to ask this, you probably shouldn't ever become a lawyer. -- nm - znufrii Nov 12, 13:26

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