Law Homework Help

write a memo that explains the following plans for this office:

(a) You are an administrator for a large firm. The managing partner wants to start charging interest on all past-due accounts. He has asked you to research the applicable laws in your state concerning the charging and collecting interest. He has asked you also to research the ethics opinions of the state bar concerning interest charges. Prepare a report of your findings that describe your firm’s obligations and requirements concerning interest.

(b) The managing partner has also asked you to contact your state bar association regarding the rules and requirements for trust accounts. Prepare a report about the rules and recommend trust account maintenance procedures.