WHAT IS THE CLIENT SECURITY FUND?
The Client Security Fund was established by the Alabama State Bar to provide a remedy for clients who have lost money or other property as a result of the dishonest conduct of practicing attorneys. The Alabama State Bar recognizes that the legal profession depends on the trust of clients and although very few attorneys breach that trust, it is important that the profession's reputation for honesty and integrity be maintained and protected. The Client Security Fund serves this function by providing some reimbursement to clients whose money or property has been wrongfully taken by attorneys licensed to practice law in Alabama.
ASSESSMENT OF ANNUAL FEE
The Alabama State Bar is authorized to assess each lawyer who, on January 1 of each year holds a current business license to practice law, as required by Section 40-12-49, Code of Alabama, 1975, an annual fee of $25. The fee may be assessed for as many as four years, i.e. for a maximum of $100 per lawyer. This fee shall be used to fund the Client Security Fund.
