The New York Lawyers' Fund for Client Protection is a public service organization established in 1982 to provide reimbursement to law clients who have suffered financial losses due to the dishonest conduct of lawyers in the practice of law. The Fund is financed by the legal profession in New York State through a registration fee and has paid over $132 million in awards of reimbursement since its inception.
Administered by a Board of Trustees appointed by the Court of Appeals, the Fund investigates eligible claims, evaluates the amounts of reimbursement, and meets four times a year to make decisions. Clients must apply for reimbursement within two years of discovering their loss, and typical losses covered include theft of money from estates, escrow funds, personal injury settlements, and embezzlement from clients in investment transactions.
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