Attorney Trust Accounting in New Jersey: From Rules to Real World Compliance

Attorneys are often entrusted with client funds, and at times, tangible property, requiring careful management and strict adherence to professional obligations. This course offers a practical and accessible overview of trust and business accounting responsibilities for attorneys practicing in New Jersey.

Although the rules governing IOLTA and operating accounts can seem complicated, they are entirely manageable with a clear understanding of the requirements and the consistent use of sound practices. This program explains the key rules, ethical duties, and legal standards that every New Jersey attorney must follow.

Attendees will learn how to recognize and avoid common mistakes, strengthen compliance, and apply reliable accounting procedures in their daily practice. The course also provides practical guidance on audit preparedness, effective record-keeping, and the maintenance of strong financial controls.

Designed for both new and experienced attorneys, this program delivers actionable strategies to support compliant trust accounting, responsible financial management, and confident day-to-day operations.

Learning Objectives:

1. Review and explain the core requirements of RPC 1.15 and related provisions of the New Jersey Rules of Professional Conduct governing attorney trust and business accounts. 
2. Identify common errors in managing client funds and best practices for complying with regulatory and ethical requirements. 
3. Discuss best practices for accurate record-keeping and reporting for trust and operating accounts, including reconciliation and supporting documentation. 
4. Implement the procedures to prepare for audits and to address inquiries from the Office of Attorney Ethics. 
5. Evaluate the audit process and interactions with the auditor.