Reconcile a New Zealand lawyers' trust account under the 2008 Regulations
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- Extract ledger items and unmatched amounts into an exceptions list.
- What the lawyer must review
- Apply LCA 2006 ss 110–116 and the 2008 Trust Account Regulations
- Confirm no barrister operates a trust account
- Do not apply a state rule or IOLTA
- Sign the reconciliation yourself; a generated one is not the signed position
- Written for / version
- New Zealand versionNZUS
Rules that apply
The document starts from the task name. Change it if this piece of work is different.
Who does what
| Role | What they do |
|---|---|
| Assistance | Supporting preparation only. Potential support includes extracting and organising information. Confirm the tool’s capability and permitted scope. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Trace every relied-on figure to its source, confirm dates and assumptions, and independently recalculate totals or derived amounts.
- Verify the applicable jurisdiction and the version of each relevant law, rule or instrument in force at the material time.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.