Liability Minute Blog
The Liability Minute blog is a resource provided by ISBA Mutual, offering concise and insightful updates on emerging legal issues. This platform keeps legal professionals informed about the latest developments and trends in liability law, helping them navigate complex legal landscapes with ease. Each minute-long segment distills critical information into a digestible format, ensuring that practitioners stay current and well-equipped to address evolving legal challenges.
IOLTA Trust Accounts: Illinois Requirements and Best Practices for Lawyers
Starting September 1, 2011, the Illinois Supreme Court implemented significant amendments to Rule 1.15 of the Illinois Rules of Professional Conduct, focusing on the management of IOLTA trust accounts and the safekeeping of client funds. Lawyers, acting as professional fiduciaries, must adhere to…
Statutory Limitation Periods: Does It End on the Anniversary Date?
Statutory limitation periods dictate the critical timelines for legal actions, but when exactly do these periods end? This question, particularly whether a statutory limitation period stated in calendar years ends on the anniversary date or the day before, has been a topic of considerable legal…