The Florida Bar now requires all law firms with more than one attorney to have a written trust account plan in place for each of the firm’s trust accounts. Lawyers who don’t comply with the newly amended rules could face stiff penalties.

The major change is the amendment to Bar Rule 5-1.2(c), which went into effect June 1. Under the revised rule, each lawyer in a law firm will be responsible for his or her own actions regarding trust account funds.