Poor IOLTA Management – Avoid the Pitfalls and Consequences

Poor IOLTA management has significant implications for law firms. Interest on Lawyers Trust Accounts (IOLTA) programs are operated in every state, as well as the District of Columbia and the U.S. Virgin Islands. Most IOLTA programs are mandatory, but a handful are opt-out or voluntary. IOLTA programs are do the following: Prevent the co-mingling of client funds […]