NEW YORK STATE BAR ASSOCIATION Committee on Professional Ethics Opinion #532 – 05/27/1981 (39-80) existing clients, escrow funds, legal fees, funds of client, interest, real estate, trustee Clarified by N.Y. State 570 (1985) Topic: Escrow funds; fee agreements; conflicts of interest; appearance of impropriety Digest: Lawyer escrow agent may not retain interest earned on funds … Continued