MPRE — Multistate Professional Responsibility Exam — All Questions
← Back to practiceAllConflicts of InterestThe Client-Lawyer RelationshipLitigation & AdvocacyRegulation of the Legal ProfessionClient ConfidentialityCompetence & MalpracticeJudicial ConductCommunications About Legal ServicesTransactions with Non-ClientsSafekeeping PropertyDifferent Roles of the LawyerDuties to the Public & Legal System
1 questions
Safekeeping Property
Under Model Rule 1.15, a lawyer who receives funds belonging to a client must:
- a.Deposit them in the lawyer's personal account for convenience
- b.Use them immediately to cover firm operating expenses
- c.Keep them in cash in the office safe
- d.Hold them in a separate client trust account, not commingled with the lawyer's own funds✓
Model Rule 1.15 requires client funds to be held in a separate trust account, kept apart from the lawyer's own property. Commingling client money with the lawyer's personal or business funds is prohibited, and the lawyer must keep complete records of the account.