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. 
 Back to main menu

  Print This Leo
LEO NumTopicsSummary

40-Trust Accounts

A law firm may not place funds in an interest-bearing account that will generate an automatic administrative fee, even if the interest earned by the funds will be credited against the administrative fee.

Copyright 2000, Thomas E. Spahn