Law Practice Today

Essential Tips for Managing Trust Accounts in Small and Solo Law Firms


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In this episode of the Law Practice Today podcast, we dive into the complexities of managing trust accounts in small and solo law firms, with insights from attorney Michael D. Eisenberg. He discusses the challenges of staying compliant with ABA ethics rules, the importance of security measures like encryption and two-factor authentication, and the need for diligent bookkeeping. Learn how to navigate online trust account services, ensure compliance, and manage transactions effectively to avoid potential pitfalls. Stay tuned for practical advice, and don't forget to check out Michael's article and additional resources mentioned in the episode.


00:00 Introduction to Technology and Ethics in Law
00:38 Welcome to the Law Practice Today Podcast
01:20 Understanding Trust Accounting for Law Firms
02:00 Interview with Michael D. Eisenberg
03:13 Challenges and Solutions in Trust Accounting
05:11 Ensuring Security in Online Trust Accounts
08:51 Finding the Right Bookkeeper
13:49 Due Diligence and Compliance
15:53 Resources and Final Thoughts

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Law Practice TodayBy The Law Practice Division