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Comments Off on Handling Client’s Funds — Guidelines from Texas Judge
By Joseph S. Genova [Originally published in NYPRR July 2000] [Editor’s note: This is Part II of a two-part article. Part I was published in NYPRR April 2000.] After trial, following remand from the Supreme Court, Judge James R. Nowlin performed an...
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Comments Off on Handling Clients’ Funds — Lesson from Lone Star State
By Joseph S. Genova [Originally published in NYPRR April 2000] [Editor’s note: This is Part I of a two-part article. Part II appears in NYPRR July 2000.] A decision in a closely watched case, on remand from the U.S. Supreme Court, provides some...
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Comments Off on IOLA After “Phillips”: Part 2
By Joseph S. Genova [Originally published in NYPRR December 1998] In Phillips v. Washington Legal Foundation, decided in June 1998, a bare majority of the U.S. Supreme Court said that interest earned on client funds held in IOLTA accounts maintained by...
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Comments Off on IOLA After “Phillips”: Part 1 — Clearing Up Some Misconceptions
By Joseph S. Genova [Originally published in NYPRR November 1998] In this article, I examine the Supreme Court’s decision in Phillips v. Washington Legal Foundation [118 S. Ct. 1925; 1998 U.S. LEXIS 4003 (1998)], which has been widely but incorrectly...