New Jersey Trust and Business Accounting: Legal and Practical Foundations

From managing client funds in IOLTA accounts to overseeing law firm operating finances, attorneys are required to navigate complex ethical and legal standards. Led by Mr. Resko, the program explores the key provisions of the New Jersey Rules of Professional Conduct, with a focus on RPC 1.15, and the financial obligations attorneys must uphold. This course provides an examination of trust and business accounting responsibilities for attorneys practicing in New Jersey.

Attendees will gain practical, actionable guidance on how to stay compliant, avoid common errors, prepare for audits, and implement sound accounting practices in day-to-day legal operations.

Whether new to trust accounting or seeking to refine current processes, this course will equip attorneys with the tools and knowledge needed to maintain integrity and compliance in their financial practices.

Learning Objectives:

1. Analyze 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. Recognize frequent mistakes in managing client funds and implement strategies to ensure ethical, compliant financial practices.
3. Employ best practices for maintaining accurate records for both trust and operating accounts, including reconciliation and documentation standards.
4. Utilize effective tools and procedures to prepare for audits and respond appropriately to inquiries from the Office of Attorney Ethics.
5. Apply practical tools and procedures to prepare for audits and address potential issues with the Office of Attorney Ethics.

Production Date: 7/28/2025 | Closed captioning (CC) available