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Handling client funds through an Interest on Lawyers Trust Account (IOLTA) demands meticulous attention to detail. Any misstep in disbursement processes can lead to serious compliance problems, potentially resulting in disciplinary action or damage to a law firm’s reputation. Understanding the typical pitfalls in IOLTA disbursements is crucial for maintaining ethical standards and avoiding costly errors. Why Accuracy Matters in IOLTA Disbursements An IOLTA (Interest on Lawy

Managing Interest on Lawyers Trust Accounts  (IOLTA) disbursements is a vital yet challenging responsibility for law firms. These accounts must keep client funds separate from operational money, demanding strict compliance with state bar regulations. Manual processes, like spreadsheets, paper checks, and manual approvals, often lead to errors, slow reporting, and potential compliance issues. Fortunately, technology now simplifies this process. Bill.com , a leading cloud-based