The Lawyers’ Fund for Client Protection
The Lawyers’ Fund for Client Protection is a State agency established in 1982 to provide reimbursement to law clients who have lost money or property as a result of a lawyer's dishonest conduct in the practice of law. Typical losses reimbursed by the Fund include the theft of escrow deposits in real property transactions, stolen estate and trust assets, failure to distribute settlements in personal injury litigation, theft of debt collection receipts, money embezzled in investment transactions within an attorney-client relationship and the practice of law, and unearned fees paid in advance to lawyers who falsely promise to perform their legal services.
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The Fund's Mission
To protect legal consumers from dishonest conduct in the practice of law, to preserve the integrity of the bar, to safeguard the good name of lawyers for their honesty in handling client money, to promote public confidence in the administration of justice in the Empire State.
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A completed application for reimbursement along with supporting documentation must be filed with the Fund in order for a law client to be considered for an award of reimbursement. There is no application fee, and clients are not required to be represented by counsel.
Learn MoreEscrow and Ethics Materials
Resources and guidelines specifically designed for lawyers regarding the proper handling of client funds held in escrow accounts, which are essentially neutral third-party accounts used to temporarily hold money during a transaction until all conditions are met, while adhering to ethical standards set by the legal profession
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