Liability Minute Blog
The Liability Minute blog is a resource provided by ISBA Mutual, offering concise and insightful updates on emerging legal issues. This platform keeps legal professionals informed about the latest developments and trends in liability law, helping them navigate complex legal landscapes with ease. Each minute-long segment distills critical information into a digestible format, ensuring that practitioners stay current and well-equipped to address evolving legal challenges.
Illinois Client Trust Accounting: Helping Lawyers Navigate the New Rules
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.