Which rule governs the trust accounts for legal paraprofessionals?

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Multiple Choice

Which rule governs the trust accounts for legal paraprofessionals?

Trust accounts for legal paraprofessionals are governed by Rule 43 of the Rules of the Supreme Court. This rule sets how client funds must be handled when a paralegal is involved, requiring that client money be kept in a dedicated trust account separate from the paraprofessional’s personal funds and the firm’s operating funds. It outlines the duties around deposit and withdrawal of funds, and it emphasizes precise recordkeeping and regular reconciliations so every dollar is traceable to a client matter. The goal is to protect clients’ money from comingled or misused funds and to create clear accountability, with supervision by an attorney who remains ultimately responsible for the trust funds. Violations can lead to disciplinary actions by the Supreme Court. Other rules cover different topics and do not address trust accounting for paraprofessionals, which is why Rule 43 is the specific rule that governs this area.

Trust accounts for legal paraprofessionals are governed by Rule 43 of the Rules of the Supreme Court. This rule sets how client funds must be handled when a paralegal is involved, requiring that client money be kept in a dedicated trust account separate from the paraprofessional’s personal funds and the firm’s operating funds. It outlines the duties around deposit and withdrawal of funds, and it emphasizes precise recordkeeping and regular reconciliations so every dollar is traceable to a client matter.

The goal is to protect clients’ money from comingled or misused funds and to create clear accountability, with supervision by an attorney who remains ultimately responsible for the trust funds. Violations can lead to disciplinary actions by the Supreme Court.

Other rules cover different topics and do not address trust accounting for paraprofessionals, which is why Rule 43 is the specific rule that governs this area.

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