The Ethics of Practice Management
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Transcript of The Ethics of Practice Management
![Page 1: The Ethics of Practice Management](https://reader034.fdocuments.net/reader034/viewer/2022051514/548330b1b4af9f730d8b499d/html5/thumbnails/1.jpg)
Beverly Michaelis Sheila Blackford Dee Crocker
The Ethics of
Practice Management
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Trust Accounting
Beverly Michaelis, J.D.
Practice Management Advisor
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What is at Stake?
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6 Key Concepts
Protecting Client Money
Resources
Our Topics
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6 Key Concepts
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Concept #1
Unearned Money Belongs in Trust
1. Retainers
2. Settlement Proceeds
3. Overpayments
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Concept #2
Deposit Funds Promptly
Deposit Daily
Protect After Hours
Issue Receipts for Cash
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Concept #3
Don’t Spend What You Don’t Have
1. Funds Must Clear
2. Follow the 3-5-10 Rule
3. Be Wary of Check Scams
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Concept #4
Account to the Client
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Concept #5
Beware of Nonrefundable Fees
Put it in Writing
“Earned Upon Receipt”
Refund if Work not Done
Dishonest?
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Concept #6
Strict Liability Applies
Every lawyer shall certify annually
that the lawyer is in compliance with
Rule 1.15-1.
ORPC 1.15-2(m)
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Protecting Client Money
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To Catch a Thief
1. Endorse and Lockup
2. Protect Credit Card Numbers
3. Cancel Invoices
4. Supervise Staff
5. Learn More
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Resources
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• Ethics Opinions
• Bar Counsel Article Archive
• Ethics Advice
(503) 620-0222 or (800) 452-8260
www.osbar.org
Oregon State Bar
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Practice Aids
Books
CLEs
Practice Management Help
503-639-6911 or 800-452-1639
www.osbplf.org
Beverly Michaelis
Dee Crocker
Sheila Blackford
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Trust Accounting
for Solos
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Conclusion
1. Remember What is at Stake
2. Follow Proper Procedures
3. Call if you Need Help
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How Will You Benefit?
1. Ethical Obligations Met
2. Finances in Order
3. Fewer Fee Disputes
4. No More Sleepless Nights