Advisory Opinion:
1320
Year Issued:
1989
RPC(s):
RPC 1.14
Subject:
Trust account; disposition of overbalance in trust account possibly caused by failure to withdraw earned fees
The Committee reviewed your inquiry concerning disposition of funds in your trust account which you believe may be the result of failure to withdraw earned fees. The Committee was of the opinion that before your law firm could take those funds as earned fees, the burden is on your firm to demonstrate your right to claim ownership of them as earned fees. The Committee was further of the opinion that any costs of auditing or accounting to establish that ownership right could not be charged against those funds which are held in your trust account but must be borne by you directly.
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