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.
