Illinois client trust accounting is a critical area of compliance for legal professionals, and the recent amendments to the Illinois Rules of Professional Conduct have reshaped how attorneys must handle funds. Effective July 1, 2023, the Illinois Supreme Court implemented substantial revisions to Rule 1.15, breaking it into several more focused rules, including Rules 1.15A and 1.15B. These changes aim to simplify language, promote better understanding, and provide detailed, structured guidance on maintaining trust accounts.

Billing and fee collection are critical processes for maintaining the financial health of your legal practice. A well-structured billing system not only ensures steady cash flow but also strengthens client trust and satisfaction by providing transparency and predictability.

The legal ethics of AI have become a pivotal concern as artificial intelligence reshapes how legal professionals conduct essential tasks such as legal research, document review, and client communication. AI-powered platforms enhance accuracy and efficiency, enabling legal teams to handle complex matters more effectively.

Cybersecurity Awareness Month kicks off this October, the perfect time for legal professionals to reflect on the evolving cybersecurity risks of Illinois lawyers in today’s digital landscape.

Understanding Illinois legal malpractice is not just necessary but a powerful tool that every law firm owner can use to protect their firm and clients.