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Home / News Stories / Clients’ Protection Fund had a very tough year (access required)

Clients’ Protection Fund had a very tough year (access required)

More paid than received, number of claims set record

The Clients’ Protection Fund of the Virginia State Bar paid out almost $200,000 more last year than it received from the annual assessments paid by each active member. That development was as unexpected as it was unwelcome, since it came only two years after the enactment of the $25 assessment aimed at making the fund actuarially ...

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