Beverly Hills, CA 90210-4423
4 March 2004 | Discipline, probation; no actual susp. 02-O-15550 (21 years, 3 months ago) |
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13 June 1984 | Admitted to the State Bar of California (41 years ago) |
March 4, 2004 TERRENCE L. BUTLER [#113383], 56, of Beverly Hills was suspended for one year, stayed, placed on two years of probation and was ordered to take the MPRE within one year. The order took effect March 4, 2004. Butler stipulated that he failed to properly maintain client funds in a trust account and entered into a business transaction with a client without advising the client to seek independent legal counsel.Butler received $1 million in settlement funds in the personal injury case. He deposited the money in his trust account and disbursed $354,000 to his client, paid about $9,000 to the client’s doctor and paid off a workers’ comp lien of $175,000. He allowed the balance to fall below the required amount but later distributed the remainder of the settlement properly.Butler also borrowed $75,000 from his client without putting the terms of the transaction in writing, advising the client to seek advice from another attorney or obtaining the client’s written consent to the terms of the transaction. At the time of the loan, all settlement proceeds had been distributed and Butler did not believe the business transaction requirements applied. He repaid the loan with $7,500 in interest.In mitigation, Butler has no record of discipline, he is a member of professional organizations and performs extensive public service for burn organizations, including handling about a dozen burn cases free of charge. |