These summaries were prepared by McGuireWoods LLP lawyer Thomas E. Spahn. They are based on the letter opinions issued by the Virginia State Bar. Any editorial comments reflect Mr. Spahn's current personal views, and not the opinions of the Virginia State Bar, McGuireWoods or its clients. 
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40-Trust Accounts

A law firm may not earn interest or receive dividends on a client's funds held in a trust account, and may not obtain credit based on the funds being held in a trust account.

Copyright 2000, Thomas E. Spahn