2 Disciplinary L. & Proc. Advance Sheets 1 (1978)

handle is hein.journals/dislwpr2 and id is 1 raw text is: Volume 2, Number 1                                                                               March, 1978
NOT FINAL UNTIL TIME EXPIRES TO FILE REHEARING PETITION AND, IF FILED, DETERMINED.
IN THE SUPREME COURT OF FLORIDA
JANUARY TERM, 1978
MATTER OF INTEREST ON TRUST ACCOUNTS:
A PETITION OF THE FLORIDA BAR TO AMEND
THE CODE OF PROFESSIONAL RESPONSIBILITY
AND THE RULES GOVERNING THE PRACTICE OF LAW.                                              CASE NO. 51,182
Opinion filed March 16, 1978
Case of Original Jurisdiction - The Florida Bar
Russell Troutman, President of The Florida Bar, Winter Park, Florida; William E. Sherman, Chairman of
The Florida Bar Committee, DeLand, Florida; Leonard H. Gilbert, Chairman of The Florida Bar Integration
Rule and Bylaw Committee, Tampa, Florida; and Norman A. Faulkner, Staff Counsel, Tallahassee, Florida, for
The Florida Bar, Petitioner
Response to Petition by:
Henry P. Trawick, Jr., Sarasota, Florida
Russell E. Carlisle, Fort Lauderdale, Florida; and Robert L. Travis, Jr., Tallahassee, Florida, for
Florida Legal Services, Inc., Amicus Curiae
Earle W. Peterson, Jr. of McCune, Hiaasen, Crum, Ferris and Gardner, Fort Lauderdale, Florida
C. Gary Williams of Ausley, McMullen, McGehee, Carothers and Proctor, Tallahassee, Florida, for
Florida Bankers Association, Amicus Curiae
James H. Gilbert, Jr. of English, McCaughan and O'Bryan, Fort Lauderdale, Florida; and Robert M. Curtis
of Saunders, Curtis, Ginestra and Gore, Fort Lauderdale, Florida
ENGLAND, J.                                             for the benefit of public interest programs related to the
The Board of Governors of The Florida Bar, with    legal profession. So far as we can determine, this request
the concurrence of the Board of Directors of the Florida  is the first of its kind in the United States, although the
Bar Foundation, Inc., has petitioned this Court requesting  use of clients' trust funds in the manner proposed has
that we amend the rules governing the practice of law   found acceptance in a number of other English-speaking
in Florida to authorize attorneys to invest trust funds  jurisdictions.
held for clients in order to generate investment income     We approve the Board's concept of authorizing in-
Editors: James H. Bradner, Jr. and Herbert M. Rosenthal; Contributing Editors: M. L. Proctor and Ronald M. Stovitz; ABA Press Pro-
duction Supervisor: Gretta Spier.
Published monthly by the Center for Professional Discipline and the Standing Committee on Professional Discipline of the American
Bar Association. Address all correspondence to James H. Bradner, Jr., Editor, Disciplinary Law and Procedure Advance Sheets, Cen-
ter for Professional Discipline, American Bar Association, 1155 East 60th Street, Chicago, Illinois 60637, telephone (312) 947-3886.
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Copyright  1978 American Bar Association.  All rights reserved to copyright owner Including rights to reproduce or distribute.

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