Services for Law Firms
The Supreme Court of New Jersey has mandated specific requirements of attorney recordkeeping for both attorney trust accounts and attorney business accounts. NJ R.1:21-6 is a laundry list of the financial recordkeeping responsibilities from the opening of a client matter to its ultimate end result. LMC has extensive experience with the Office of Attorney Ethics Random Audit Program and the Disciplinary Audit Process. We have represented and supported attorneys in the compliance in both of these areas.
LMC specializes in providing consulting services to attorneys and law firms on the specifics of compliance with the Office of Attorney Ethics recordkeeping requirements for trust accounts and operating accounts. She has developed proprietary tools and templates to navigate through the complexities of attorney trust account recordkeeping and reconciliations. LMC has provided support to many law firms through the audit processes conducted by the Office of Attorney Ethics and has a 100% success rate for positive audit outcomes. Lynne is a certified Quickbooks Pro Advisor and is also proficient in other types of software specific to the legal industry.
If you’ve ever been faced with that ominous letter from the Office of Attorney Ethics and their 2-week notice of a random audit, you know first-hand the anxiety of wondering if you’re records are compliant. Perhaps you prefer to have confidence that you’re already in compliance before that letter even arrives. You know its coming at some point in the lifetime of your Firm. LMC specializes in consulting services to law firms on NJ R.1:21-6, the Office of Attorney Ethics record-keeping requirements for attorney trust account and operating account compliance.
- Proprietary tools and templates to navigate through the complexities of attorney trust account recordkeeping and 3-way reconciliations
- Office of Attorney Ethics Random Audit and Disciplinary Audit Programs
- Maintain records through the entire client matter or transaction to ensure compliance standards are met
- Maintain all required backup documentation
- Attorney Trust Account Reconstructions
- 100% Success Rate for Positive Audit Outcomes
Don’t wait for the audit letter from OAE to determine if you’re compliant with NJ R.1:21-6. LMC can review your current process for recording and maintaining of client funds, retainers, settlements, and all other attorneys’ fees and make the necessary recommendations for implementing compliance protocols.