Lack of understanding trust money Mistakes in business are inevitable, from simple typos to missing a meeting or sending an email to the wrong recipient. Most times these mistakes are forgotten, or at least, quickly repaired. However, mistakes when managing
Know the person for whom you hold the money
The Act and rules state that it is the responsibility of the lawyer to deal with funds under the control of the law practice in accordance with the instruction of the person on whose behalf the money is held, unless
Trust Account Bank Reconciliations
I have noticed several law firms are not reviewing the monthly bank reconciliations that are produced the law firm’s practice management system. It is extremely important that the legal practitioner of the law firm review and sign off the monthly
Computerised Legal Practice Management System – Uniform Law requirements with regards to a Register of Files Open
I have recently visited a number of law firm throughout NSW and have noticed that they currently do not operate a trust account. As they do not operate a fund account the practitioners are not preparing the necessary report to
Tips on how to add a Christmas message to your LEAP templates
As Christmas is only 5 week away; you may wish to add a Christmas message to your clients’ correspondence. Below are the steps to add your xmas message in LEAP to all your correspondence. Add a Christmas message to a document