Financially Speaking - Lifecycle Of A Trust Account by Law Society of Alberta

Financially Speaking is the Law Society of Alberta's podcast for responsible lawyers, focus on financial issues that can challenge lawyers in their practice of law and management of funds, with real-world examples and solutions that you can apply to your practice today.

In the first-ever episode of the Financially Speaking podcast, Trust Safety team members Bernadette Charan and Cristina Cataman break down the basics of trust accounting – what a lawyer needs to do once they’ve been approved to operate trust accounts, the different kinds of trust accounts and how to manage trust accounts successfully.

Can you still participate in mentorship in a remote setting?

Learn about the mentorship opportunities at the Law Society and how to carry out mentorship relationships in this new landscape of physical distancing that we find ourselves navigating. Mentorship is beneficial now more than ever to fight off isolation, share resources and face challenges together.

Can you imagine a small retail store having no idea as to the nature and scope of their inventory? It certainly would not make for a very effective or efficient business model.

The legal profession is no different. All too often, the Law Society’s Practice Management team comes across ineffective file and practice management systems that hinder a lawyer’s provision of quality legal services.

In this month's Leadership Report Podcast, Cori Ghitter and Jordan Furlong of Law21 break down the key issue of Lawyer Competence and the factors that are changing it's definition in the 21st Century.

mail communication is effective and efficient in many ways, but we have all experienced moments when our heart skips a beat:

Did I send that email to the wrong Jason?

Was that a reply to all?

Did I forget to attach my attachment?

Did I attach the wrong attachment?

Was my tone appropriate?

Should I have not sent that at all?

None of these second thoughts are welcome experiences in your day. Worse yet, mistakes like these could have serious consequences. You can make easy adjustments to your Outlook email settings to save stress and reduce errors in your email communication.

Does your law office have a manual? Do you have an existing manual and feel like there is something missing? A law office manual is a helpful reference tool for your team and can:

give step-by-step directions on office processes

help train new staff

reduce mistakes, misunderstandings or false expectations

identify ways to improve client service

boost employee performance

and more.