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Posts Tagged 'IOLTA'

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Essential Banking Solutions for Law Firms

IOLTA (Interest on Lawyers' Trust Accounts) Accounts One of the most essential banking products for law firms is the IOLTA account. These trust accounts are designed to hold client funds temporarily, ensuring proper segregation and ethical handling of client money. According to the American Bar Association, as of 2021, IOLTA programs across the United States have generated over $4 billion in interest to support legal aid services for low-income individuals.

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