New Jersey Unearned Retainer Certification is a type of certification required by the New Jersey Supreme Court for certain types of law firms in the state. This certification is designed to ensure that attorneys are properly safeguarding client funds and are in compliance with state laws. The certification requires law firms to segregate client funds from personal funds, maintain a minimum balance, and establish an escrow account. There are two types of New Jersey Unearned Retainer Certification: basic and advanced. The basic certification requires law firms to submit financial statements, a copy of the retainer agreement, and a detailed account of the client's funds. The advanced certification requires additional information, such as a copy of the firm's trust account agreement and a report on the firm's compliance with state laws. Both certifications must be renewed annually.
New Jersey Unearned Retainer Certification
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