Law Practice
May 2, 2014
Some states' random trust account audits seek education but find misappropriation
A few states conduct detailed audits of lawyer trust accounts at random. They find many problems but few bad actors. The California State Bar is exploring a simpler approach.
Daily Journal Staff Writer
The first time an auditor from the lawyer regulatory agency showed up to dig through Michael J. Lessack's client trust account, it was "a nightmare," he said. In later years, when Lessack was again randomly selected for an audit, things weren't so rough. He credits what he learned that first go-round, plus upgraded accounting software in his office.
Lessack, a real estate lawy...
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