Supreme Court Broadens Scope Of Rule Protecting Clients

Saturday, August 31, 2013

A fund that all Tennessee attorneys financially support will now offer even more protection to those clients that may have suffered a financial loss as a result of the dishonest acts of any member of the profession.

“This fund is now supported entirely by Tennessee lawyers – all willing to take responsibility for the actions of the unscrupulous few,” said Supreme Court Chief Justice Gary Wade.

“Fortunately, the number of claims has been few over the years and, in consequence, the fund has grown substantially.”

The Lawyers’ Fund for Client Protection was established more than three decades ago under Supreme Court Rule 25 to reimburse clients for financial losses caused by acts of conversion or theft during the attorney-client relationship. It is supported exclusively by annual fees paid by each licensed Tennessee attorney.

Based on the solid financial standing of the fund, Executive Director Judy Bond-McKissack and the fund’s governing board recommended changes in the rule designed to afford greater protections to the general public. The Supreme Court endorsed their proposal.

“The protection of client interests is an essential element in any system of lawyer regulation,” the Court order states.

The revision to the rule extends the definition of “lawyer” to include all attorneys who practice in Tennessee, regardless of the state granting licensure. Previously, the rule addressed only those attorneys licensed by the State of Tennessee.

Another significant change is to extend from one to three years the amount of time for a client to make a claim for reimbursement. The fund’s governing board pointed out that the small number of valid claims against individuals within the profession has made this extension possible.

The amendments, which are the first changes to the rule since 2009, will go into effect onOctober 1, 2013. Board members of the Lawyers’ Fund for Client Protection are appointed by the Supreme Court and serve without compensation.

Read the text of the new Supreme Court Rule 25 here.


CBL & Associates And Hamilton Place Recognized At ICSC's Maxi Awards

The International Council of Shopping Centers announced the winners of the 2016 U.S. MAXI Awards, highlighting the retail real estate industries innovative marketing events, programs and technologies that added value to shopping centers across the country. ICSC honored the winners on at an awards ceremony during RECon, the global real estate convention in Las Vegas.  CBL ... (click for more)

New Hamilton County Businesses

Here are the new business licenses from the County Clerk's office: 1ST RESPONDERS CHILL TIME COM 200 W MLK BLVD #1000 CHATTANOOGA, TN 37402 AMERICAN ENGINEERING CONSULTANTS INC 6111 HERITAGE PARK DR STE - A-200 CHATTANOOGA, TN 37416 AMERICAN TRANSPORTERS & DETAILERS 1817 DODDS AVENUE CHATTANOOGA, TN 37404 ANGIE'S PLACE 5030 C HIGHWAY 58 ... (click for more)

Stone Domestic Assault Case Postponed Until Aug. 9

The case in which Bobby Stone is charged with domestic assault against his wife, advisor to Mayor Andy Berke Lacie Stone, has been postponed until Aug. 9. Officials said there will be no further action until the TBI completes its investigation.  The case had been set Tuesday morning before general sessions court Lila Statom. The TBI is believed to be looking into ... (click for more)

Chattanooga Honors Military Veterans

A Memorial Day service was held at the National Cemetery on Monday. (click for more)

Calling Out Bad Behavior In St. Elmo - And Response

I have lived in the St. Elmo community of Chattanooga for practicially all 52 years of my life. My grandmother moved to St. Elmo in 1919. My Dad was literally born in a home in St. Elmo and lived his entire 72 years in this community and my Mom has lived here 60 years of her life. I am very disappointed in what my neighborhood has become. I like people. ... (click for more)

Don't Squander The 2016 Election Opportunity

This is what I don't understand. Christians refusing to vote for anyone who is not squeaky clean and who doesn't live up to our standards. I'm not bashing Christians. I proudly proclaim Jesus as Lord and Savior.  But If we made our voice known more we could have a lot greater influence than we have. And I don't mean just boycotting. I specifically mean the last two ... (click for more)