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Vanderbilt Law Review

1965

Indemnity plans

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Legislation, Law Review Staff Jun 1965

Legislation, Law Review Staff

Vanderbilt Law Review

In increasing measure the legal profession has come to recognize its public responsibilities. One of these responsibilities is to protect clients from the dishonesty of lawyers. The lawyer who handles funds of a client is a fiduciary in the highest sense. Occasionally, however, an attorney misappropriates the funds of his client. The client's remedy against the lawyer is probably futile, for an embezzler will generally have no funds to cover the loss. Although misappropriation is rare it receives much publicity when it does occur. Embezzlement and loss with consequent publicity impair the reputation of the entire legal profession.In dealing with …