This would not be complete with the core responsibility of operating a small law firm-management of the trust account. The consequences of legal accounting non-compliance can be quite severe: fines, disciplinary actions, or outright disbarment. Therefore, efficiency in trust accounting practices should be instituted to introduce compliance, accuracy, and transparency

Trust accounting isn’t a laughing matter for small law firms anywhere in the country. If the handling of clients’ money is not less than prudent, then damage to both reputation and purse can be severe-even to the extent of disbarment. The sometimes complex process of trust accounting is explained in