Back to Basics | Trust (IOLTA) Accounting

Trust Accounting at its foundation is fairly straightforward. Money in, and eventually money out. However, given that you are handling someone else’s money, there are additional protections and requirements put in place to ensure that it is being managed responsibly.

Whether you’re a new or seasoned lawyer, staying on top of your legal trust accounting compliance is a must. Even if the bookkeeping is outsourced to another department or another company, the onus to maintain compliance remains on the lawyers accepting these client funds. In this session, we’re going back to basics so you can have a refresher course on what makes trust accounting unique, how to avoid common trust accounting mistakes, and ways technology can help you stay compliant.

This CLE is approved for credit through October 7, 2024.

Presenter:
Erica Birstler | Vice President of Product Communications | CosmoLex
Erica’s degree is in Business Administration, and she has over a decade of experience in the legal software industry, catering to the specialized technology needs of small to mid-sized law firms.

CLE Credits:
1.0 Standard CLE Credit approved | Event Code: 473445

Cost:
MSBA Members:  $29.95
Non-MSBA Members:  $64.95

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