Attorney Fees and Trust Funds: Understanding the New Amendments to Rule 1.5 and Rule 1.15
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1.0 hour MCLE credit, including 1.0 hour Professional Responsibility MCLE credit in the following category: Professionalism, Civility, or Legal Ethics credit
Original Program Date: Friday, June 9, 2023
Accreditation Expiration Date: August 28, 2025 (You must certify completion and save your certificate before this date to get MCLE credit)
On March 1, 2023, the Illinois Supreme Court adopted some significant amendments to the fees rule (Rule 1.5) and the rule governing funds or property held in trust (Rule 1.15). The amendments to these rules made several notable additions and revisions, including adding a new provision barring nonrefundable fees and retainers, and codifying how common fee retainers must be handled. Lawyers should review the new rules and take action to ensure that their fee agreements and handling of clients’ funds meets the new requirements when they take effect on July 1, 2023.
Program Speaker:
Mary F. Andreoni, Attorney Registration and Disciplinary Commission, Chicago
*Originally presented as part of the ISBA Annual Meeting 2023. Find more sessions in this series in the ISBA On-Demand CLE catalog.
Pricing Information
- Please Note: You must attend the entire program in order to earn MCLE credit for this seminar.
- ISBA sponsoring section members get a $10 registration discount (which is automatically calculated in your cart when you log in to register).
- Fees:
- ISBA Member Price of $30 is displayed below when you login and program is eligible for Free CLE member benefit
- Non-Member Price $50
- New Attorney Member (within the first five years of practice) - $25
- Law Students - Free