All funds received or held by a lawyer or law firm for the b…
All funds received or held by a lawyer or law firm for the benefit of a client, or other person to whom the lawyer owes a contractual, statutory, or other legal duty, including advances for fess, cost and expenses, shall be deposited in one or more bank accounts labeled, “Operating Account”.
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In reference to payment of personal or business expenses incurred by or for a client, a lawyer can only indirectly guarantee that the lawyer or the lawyer’s law firm will pay the personal or business expenses of a prospective or existing client.
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