05.01.2015 Views

The Supreme Court of Ohio annual report - Supreme Court - State of ...

The Supreme Court of Ohio annual report - Supreme Court - State of ...

The Supreme Court of Ohio annual report - Supreme Court - State of ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Board <strong>of</strong><br />

Commissioners <strong>of</strong> the<br />

Clients’ Security Fund<br />

Luis M. Alcalde<br />

Hon. Patricia Blackmon<br />

Kenneth R. Donchatz<br />

Edward G. Hack<br />

William S. Newcomb Jr.,<br />

chair<br />

Jerome Phillips<br />

Clifton L. Spinner<br />

Clients’ Security Fund<br />

<strong>The</strong> Clients’ Security Fund was created in 1985 by Rule VIII <strong>of</strong> the<br />

<strong>Supreme</strong> <strong>Court</strong> Rules for the Government <strong>of</strong> the Bar. Its purpose is to<br />

reimburse losses to legal clients as a result <strong>of</strong> the dishonest conduct <strong>of</strong><br />

licensed <strong>Ohio</strong> attorneys.<br />

<strong>The</strong> Clients’ Security Fund continues to achieve its goal <strong>of</strong> providing<br />

reimbursement to law clients who have been financially harmed by the<br />

dishonest conduct <strong>of</strong> a licensed <strong>Ohio</strong> attorney. During fiscal year 2007,<br />

the fund received 256 new applications for reimbursement.<br />

Additionally, the Clients’ Security Fund Board <strong>of</strong> Commissioners met<br />

four times during 2007, and determined 118 claims were eligible for<br />

reimbursement. A total <strong>of</strong> 32 attorneys were involved in claims during<br />

fiscal year 2007, which affirms that the overwhelming majority <strong>of</strong> <strong>Ohio</strong><br />

lawyers observe high standards <strong>of</strong> integrity when entrusted with client<br />

money or property. <strong>The</strong> board awarded $890,173 in reimbursement in<br />

2007. Since its inception, the Clients’ Security Fund has awarded more<br />

than $12 million to 1,567 former law clients.<br />

None <strong>of</strong> the funds used to reimburse clients are public monies. All<br />

Clients’ Security Fund reimbursements are funded by registration fees<br />

paid by every <strong>Ohio</strong> attorney.<br />

82

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!