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Are lawyers required to notify clients of participation in COLTAF?

April 26, 2017clients coltaf lawyers notify participation

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Are lawyers required to notify clients of participation in COLTAF?

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A. Lawyers have no duty to notify clients of participation in COLTAF. Although keeping the client informed about the program is laudatory, in situations where a COLTAF account is appropriate, the client’s funds, as a practical matter, will not earn interest for the benefit of the individual client. Therefore, the lawyer has no ethical responsibility to advise the client that the interest earned will be used towards funding law-related public service projects. (ABA Formal Opinion 348).