Please ensure Javascript is enabled for purposes of website accessibility

Regulation of lawyer trust accounts changes take effect July 1

By: WISCONSIN LAW JOURNAL STAFF//June 20, 2023//

Regulation of lawyer trust accounts changes take effect July 1

By: WISCONSIN LAW JOURNAL STAFF//June 20, 2023//

Listen to this article

“Major changes are coming to the regulation of lawyer trust accounts, effective July 1. What to know about the newly amended SCR 20:1.15,” the State Bar of Wisconsin wrote on Facebook Monday.

On March 30, 2023, the Wisconsin Supreme Court issued an order amending the lawyer trust account rule, SCR 20:1.15, removing prohibitions on electronic transactions and providing lawyers greater flexibility in handling client funds, wrote Aviva Kaiser, Timothy Pierce and Travis Stieren.

The newly amended SCR 20:1.15 will become effective July 1, 2023 (2023 Rule) and represents a major change in the regulation of lawyer trust accounts in Wisconsin, the State Bar of Wisconsin article said.

Click here to read the full article.

Polls

What kind of stories do you want to read more of?

View Results

Loading ... Loading ...

Legal News

See All Legal News

WLJ People

Sea all WLJ People

Opinion Digests