Daniel J. Siegel of Law Offices of Daniel J. Siegel. Courtesy photo
To the Legal:
Lawyers have no greater responsibility than to maintain client property, primarily the funds entrusted to them in their IOLTA/escrow accounts. The Model Rules of Professional Conduct adopted by the American Bar Association, as well as the Pennsylvania Rules of Professional Conduct, require lawyers to balance their IOLTA accounts monthly. Doing so helps to assure that (1) the accounts are balanced, (2) no errors were made while entering data, (3) no funds were improperly commingled, and (4) there was no fraud or other improper conduct.
