How much did Client Protection Fund of the Bar of Maryland payout to clients in 2009?

PostDateIcon December 7th, 2009 | PostAuthorIcon Author: admin

For the fiscal year ending on June 30, 2009, the Client Protection Fund of the Bar of Maryland paid out $975,874 on 62 claims against 41 attorneys.  The reimbursement to defrauded clients ranged from $199 to $315,785.   Just 3 attorneys accounted for 57% of the $975,874 in claims paid.

The Client Protection Fund collects $20.00 from every Maryland attorney each year as an assessment.  The Fund currently has a reserve of $7 million.   The Fund limits an individual claim to 10% of its reserve.

PostCategoryIcon Posted in Legal Malpractice

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