Kia Franklin
TX Supreme Ct. Tells Lawyers to Contribute to Legal Aid
The Texas Supreme Court will now require Texas attorneys to place client trusts in IOLTA accounts—interest-bearing bank accounts where the interest that accrues then goes to fund Legal Aid work.
Justice Harriet O’Neill, member of the Supreme Court of Texas and the Court’s liaison to the Texas Equal Access to Justice Foundation, said, “Legal aid organizations turn away half of all qualified applicants due to a lack of resources. The new IOLTA rule will help to bridge the gap by increasing IOLTA revenue, thus increasing funding for legal aid programs. I applaud the financial institutions that have opted to participate in the IOLTA Program.”
Posted at 10:23 AM, Jun 25, 2007 in Permalink | Comments (0) | TrackBack (0)
