If one has a situation where attorneys/advocates have worked on contingency in litigating a matter and have won a cost award which is paid into the attorney trust account. The money is the client money and the client authorises the attorneys/advocates to pay their fees from the trust account and the balance is paid over to the client. Would the correct accounting treatment be to create another bank account in the books "Attorney Trust Account" and then to pay the invoices from that account before doing a transfer of the balance remaining to the clients transaction account?

And, aren't the attorneys obliged to advise the date that the monies were received in the cost award?