In an area common to all attorneys, and frequently the basis of a legal malpractice case, the State of NY has proposed the following, according to the NYLJ:
“The fund is calling for a new court rule that would safeguard the escrow accounts of suspended and disbarred attorneys. There is now apparently no clear mechanism to ensure those funds are secured and transferred to a trustworthy individual or entity. The fund is also asking for a court rule that would give the Appellate Divisions discretion to freeze the escrow accounts of lawyers it deems a public threat.” Details.