The Massachusetts IOLTA Committee is a mandated program by the Supreme Judicial Court that requires lawyers and law firms to establish interest-bearing accounts for client deposits. The pooled interest from these accounts supports the administration of justice and the delivery of legal services to low-income clients, with Leadership Institutions producing higher revenue to promote equal access to justice.
The Committee certifies financial institutions to hold IOLTA funds, ensuring compliance with requirements. They also provide resources and guidelines for attorneys and financial institutions, as well as grants and program overviews to support their mission of increasing access to justice for all.
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