About the Clients’ Security Fund
The State Bar of Nevada established the Clients’ Security Fund in 1970 to compensate victims of lawyer theft. The Clients’ Security Fund Committee consists of ten attorneys and two lay members who investigate claims and meet twice a year to consider reimbursement from the Fund.
The Committee makes its decisions based on factors such as:
- Whether the dishonest act occurred during the course of an attorney-client relationship;
- If the attorney is no longer practicing due to death, mental incompetence, suspension or revocation of license, or whether the attorney disappeared;
- Whether the attorney mishandled or stole your money; and
- If you have made a reasonable attempt to recover the money from your lawyer within a reasonable amount of time.
All reimbursements from the Fund are a matter of grace, in the sole discretion of the Clients’ Security Fund Committee, and not a matter of right.
Losses Not Covered
The Fund does not cover losses resulting from the malpractice or negligence of lawyers and does not make findings of professional misconduct. Losses resulting from situations in which the attorney and client have entered into a personal business relationship outside the attorney-client relationship may be reported to the State Bar of Nevada for disciplinary action or may be the subject of malpractice suits.
For more information about the Clients’ Security Fund, contact Theresa Freeman, Client Protection Manager at email@example.com.