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July 20th, 2023
Fla. Bar CTA Program Could Be Win For Solos Across The US
Ethics & Professional Responsibility Partner Tyler Maulsby is quoted in the article, "Fla. Bar CTA Program Could Be Win For Solos Across The US" published by Law360. The article discusses a recent Florida Bar initiative offering all Florida attorneys a free organizing tool to track and make notes on their client transactions and to link the transactions to their bank. The initiative allows for a direct balance of their trust. Tyler is quoted saying, "I can't tell you how many times I've seen a lawyer with a very high volume escrow account operating their entire practice off of a spreadsheet. That can just leave a lot of room for error. And so anything that offers a comprehensive trust account management system with opportunities to incorporate failsafe reconciliations is going to make everyone's life easier."
Despite the many benefits associated with the initiative, Tyler notes that it may put solo practitioner and lawyers inside small firms at a significant disadvantage. He says, "For a solo practitioner, it is your job to be a bookkeeper, or you have to hire one, but still you have to reconcile the account, you have to make sure everything is correct, and you have to spend a lot of time doing that. They don't teach you how to do that in law school. And it's very scary, because the stakes are very high."
According to legal ethics attorneys, a majority of their cases deal with issues that stem from simple bookkeeping errors. Tyler says, "One simple mistake can then compound into multiple mistakes. If there's an error on client number one, it's not caught for several months and then multiple other clients' money passes through the account, that means that error could have resulted in errors on many other clients' accounts. And so now you're dealing with issues with multiple clients."
The program is the first of its kind in the country and Tyler adds that the closest thing he's seen to this program in New York is maybe a free continuing legal education program on how to manage trust accounts. He notes, "You can call the grievance committee, and they can help you through certain cost accounting issues, but a continued resource for your ability to stay organized is very helpful, and I haven't seen anything like this. I would love it if the New York State Bar Association did something like this statewide, but I think the cost would be significant. We have a lot of lawyers, they're a voluntary organization dependent on dues and contributions. And the grievance committee would need to get funding from the courts to do that."
In conclusion, Tyler says, "I think ultimately, any resources that are free or at a very low cost offered to lawyers is a good thing. It's a step in the right direction."
Read the full article here. (Behind paywall)
Other Quoted
An Influencer Gained Followers as She Documented Her Weight Loss. Then She Revealed She Was on a GLP-1
Hannah E. Taylor is quoted in The Wall Street Journal about social media influencer Janelle Rohner, who shared her weight loss progression with diet and lifestyle tips, selling a paid course on nutrition. When Ms. Rohner posted she was taking a medication used for weight reduction and diabetes, her critics questioned her the legality of her advertising and e-commerce. The article stated, “Hannah Taylor, deputy managing partner and a partner in the advertising, marketing and public relations group at law firm Frankfurt Kurnit Klein & Selz, said proving an influencer acted fraudulently is a high bar because many jurisdictions require showing that the defendant had an intent to deceive. False advertising is typically easier to prove. Taylor said if someone had purchased the course believing that it led to Rohner’s weight loss, when in fact the medicine was the cause, that could be a material omission that could subject the influencer to false advertising liability.” View article.
May 30 2025
Mubi’s $24M Bet Just Made Agents Bullish Again. Here’s Why
Hayden Goldblatt is quoted in The Ankler article on Mubi’s purchase of Lynne Ramsay's film, “Die, My Love,” and what it meant for the Cannes market. He’s interviewed on “the real lessons from Cannes.” View article. (Behind paywall)
May 27 2025
A Federal Judge Ordered OpenAI to Stop Deleting Data
Daniel M. Goldberg is quoted in an Adweek article, which reported that a federal judge has ordered OpenAI to stop deleting output data from ChatGPT. This was part of The New York Times lawsuit, alleging OpenAI engaged in copyright infringement “by using ‘millions’ of articles published by the newspaper to train its AI model, which now directly competes with the Times’ content as a result.” The judge’s order seeks to preserve evidence in the Times’ case. Mr. Goldberg addressed mulitple implications of the order, which requires OpenAI to hold more data than they normally would. "That could make OpenAI more susceptible to security breaches, or shake the trust of consumers who expected their chatbot records to be deleted. There are also potential implications regarding energy use, storage and environmental impact that the judge may not have considered when making the order, Goldberg said." He also noted the order would trigger people's concerns about what it means for working with large tecnology providers.
May 21 2025
