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Trust accounts Department

The Trust Accounts Department of the Law Society of NSW ensures that law practices across the State comply with stringent laws concerning the receipt, holding and disbursement of trust money – the money a law practice holds on behalf of a client or other people in the course of, or in connection with, the provision of legal services.

The Trust Accounts Department carries out this important function by conducting investigations of solicitors’ trust and controlled money accounts, and reviewing general account records in order to detect and prevent fraud.

To promote understanding of this complex area, the Department conducts education programs and offers advice to both practitioners and support staff. To encourage best-practice the Department also maintains a suite of practical resources.

Resources

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