5.27.15 The Supreme Court’s recent decision in McVey v. M.L.K. Enterprises (2015 IL 118143) lets Illinois lawyers know the order of things when it comes to disbursing settlement funds in injury cases, and the lesson is: we may call medical lienholders “third parties,” but they’re not third in line. In McVey, the plaintiff settled her […]
Tag: trust accounting
Brass Tacks Post: Known Unknowns
Illinois lawyers should be aware that the Supreme Court recently amended Rule 1.15 to address the problem of what to do with unidentifiable funds residing in an IOLTA. There has long been an answer to the question of what to do with unclaimed funds: follow the procedures outlined in the Uniform Disposition of Unclaimed Property […]
ethics forward. 