Lawyers will now have to identify the account numbers and banks where client funds are held under the rule changes, which follow the surfacing of complaints that Tom Girardi misappropriated client funds.
October 25, 2022 at 08:57 PM
3 minute read
California lawyers who handle client trust accounts will soon have new reporting requirements under rule changes announced Tuesday by the state Supreme Court.
The new requirements were prompted by investigations into Tom Girardi, the disbarred trial lawyer who is accused of improperly shifting and misspending client money held under his control.
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California Supreme Court building in San Francisco. (Photo: Jason Doiy/ALM)
