Attorney Trust Accounts: The Basics and Beyond

Originally held on Thursday, February 27, 2020 | 6:00 pm – 8:00 pm

Program Co-Instructors:

Larry McElroen
Managing Director Escrow Services
Bank OZK

Deborah A. Scalise
Scalise & Hamilton P.C.

  • Establishing and maintaining an Attorney Trust or IOLA bank account should not be challenging for a law firm. This CLE program is appropriate for any attorney, new or seasoned, who manages an Attorney Trust or IOLA bank account. It will explore both the practical and ethical considerations of opening and administering such an account and will provide a broad overview of Rule 1.15, Judiciary Law § 497, UCC Article 4 and other regulatory schemes that impact such accounts. The program will provide practical advice from two professionals concerning the day-to-day operations of Attorney Trust and IOLA accounts.

    Deborah A. Scalise is an Ethics Attorney who practices in the NY metropolitan area and Larry McElroen has administered Attorney Trust and IOLA accounts on behalf of banks and their attorney customers for more than twelve years.

    Program Fee:
    $69 for Members | $169 for Nonmembers

    Members who are Recent Law Graduates, Newly Admitted Lawyers (admitted for the first time in any state or country 2018-2020), In-House/Corporate Counsel, Judges, or attorneys that practice within the Government, Academic or Not-for-Profit sectors attend this program for free.

  • 6:00 pm – 6:05 pm
    Introduction of Topics and Panelists
    Lawrence J. McElroen

    6:05 pm – 6:30 pm
    Commingling / Separate Accounts / Titles
    Deborah A. Scalise

    6:30 pm – 6:55 pm
    Recordkeeping / Distributions
    Deborah A. Scalise

    6:55 pm – 7:20 pm
    Practical Considerations / Fraud
    Lawrence J. McElroen

    7:20 pm – 7:45 pm
    Review of Case Law & Ethics Opinions
    Lawrence J. McElroen, Deborah A. Scalise

    7:45 pm – 8:00 pm
    Q & A

  • New York: 2.0 Ethics
    New Jersey: 2.3 Professional Responsibility
    California: 1.5 Professional Responsibility
    Pennsylvania: 1.5 Professional Responsibility
    Connecticut: Available to Licensed Attorneys

    Please Note: Newly admitted NY attorneys cannot fulfill ethics or skills credits through our on-demand programs under OCA rules. For more information on this, please see

  • This program has been generously sponsored by:

    Sponsoring Association Committee:
    Small Law Firms, Gary M. Kaufman, Chair

    Sponsorship Opportunities are Available! Please Contact:
    Angie Avila, Manager, Membership Outreach and Sponsorships | (212) 382-6608 |