By order dated March 17, 2016, the Pennsylvania Supreme Court amended Rule of Disciplinary Enforcement 219 pertaining to annual registration of attorneys. Rule 219 requires attorneys to disclose the name of each financial institution where the attorney “held funds of a client or a third person subject to Rule 1.15 of the Pennsylvania Rules of Professional Conduct.” Pa. R.D.E. 219(d)(1)(iii). This phrase is defined in the amended rule to mean “funds that belong to a client or third person” that an attorney receives in a number of situations, including in a client-lawyer relationship; as a fiduciary; as an agent; in connection with non-legal services that are not distinct from legal services; or in connection with non-legal services that are distinct from legal services where the recipient might believe there is a client-lawyer relationship. Attorneys subject to the annual registration requirement should read the amended rule for a more exhaustive list. The amendments to Rule 219 are effective April 16, 2016.
By PBI| 2017-05-19T22:51:22+00:00 April 4th, 2016|Categories: Ethics|Tags: account, agent, attorney, client, disciplinary, fiduciary, financial, funds, Lawyer, legal services, non-legal services, Pa. R.D.E. 219, Pennsylvania Supreme Court, registration, reporting, Rules of Disciplinary Enforcement|Comments Off on Amendments to Disciplinary Rule Clarify Financial Account Reporting Requirements
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