Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (75121)	2/28/2002 10:33:57 PM
From: Anthony@Pacific	Read Replies (1) \| Respond to of 122087

Oh this is also a big one ,.. wooo hoo!! With respect to attorney’s fees for legal services, CRPC 4-100 requires that “[a]ll funds received or held for the benefit of clients by a member or law firm. . . shall be deposited in one or more identifiable bank accounts. . . .” CRPC 4-100. Generally, no funds belonging to the attorney or law firm may be deposited therein or otherwise commingled therewith. See CRPC 4-100; Palomo v. State Bar (1984) 36 Cal.3d 785, 205 Cal.Rptr. 834, 685 P.2d 1185, (attorneys assume a personal obligation of reasonable care to comply with the “critically important rules” for the safekeeping and disposition of client funds). The attorney or law firm also must maintain proper books of accounts and records of transactions with respect to the client accounts. See Worth v. State Bar (1976) 17 Cal.3d 337, 130 Cal.Rptr. 712, 551 P.2d 16