Opinion ID: 2595062
Heading Depth: 1
Heading Rank: 3

Heading: KRPC 1.15(b) and KRPC 1.15(c)

Text: These rules provide as follows: (b) Upon receiving funds or other property in which a client or third person has an interest, a lawyer shall promptly notify the client or third person. Except as stated in this Rule or otherwise permitted by law or by agreement with the client, a lawyer shall promptly deliver to the client or third person any funds or other property that the client or third person is entitled to receive and, upon request by the client or third person, shall promptly render a full accounting regarding such property. (c) When in the course of representation a lawyer is in possession of property in which both the lawyer and another person claim interests, the property shall be kept separate by the lawyer until there is an accounting and severance of their interests. If a dispute arises concerning their respective interests, the portion in dispute shall be kept separate by the lawyer until the dispute is resolved. The panel concluded that the Respondent violated KRPC 1.15(b) and KRPC 1.15(c) when, after he permitted the due diligence fees to be deposited into his law firm trust account, he failed to properly safeguard the funds.