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Curious about how the IOLA Fund of New York differs from IOLTA accounts? The main difference is in their jurisdiction and management. The...

Key Takeaways California attorneys must deposit short-term client funds into IOLTA accounts at State Bar-approved financial institutions...

Every attorney handling client funds faces a critical responsibility that extends far beyond legal representation.   IOLTA compliance...

Key Takeaways IOLTA accounts pool nominal or short-term client funds with interest benefiting legal aid programs, while escrow accounts...

Key Takeaways IOLTA accounts are specialized trust accounts where lawyers hold client funds separately from their business accounts, with...

Accurate accounting for legal expenses is critical for businesses and law firms alike. Proper classification affects financial...

Law firms operate in a competitive and highly regulated marketplace where margins can be tight and financial visibility is critical....

Effective tracking of client costs and disbursements is essential for maintaining profitability, protecting client funds, and complying...

Sample Law Firm Financial Statements: How to Read and Use Them Effectively Financial statements are the language that describes a law...

Early disbursement from client trust accounts is a common practical need: clients face urgent bills, settlement funds may be needed...

Trust accounting in California plays a critical role in ensuring fiduciaries, including attorneys and trustees, manage client and...

Interest on Lawyers’ Trust Accounts (IOLTA) programs play a critical role in the legal profession by ensuring that interest earned on...