The Iolta Committee in Boston, MA is a mandated program by the Supreme Judicial Court that requires lawyers and law firms to establish interest-bearing accounts for client deposits. These accounts, known as Interest on Lawyers Trust Accounts (IOLTA), generate pooled interest that supports the administration of justice and the delivery of legal services to low-income clients. The committee certifies financial institutions as eligible to hold IOLTA funds, with Leadership Institutions producing higher revenue to promote equal access to justice. The Massachusetts IOLTA Committee, located in Boston, MA, oversees the implementation of the IOLTA program. Lawyers and law firms are required to establish interest-bearing accounts for client deposits, which generate pooled interest used to improve the administration of justice and provide legal services to low-income clients. The committee certifies financial institutions as eligible to hold IOLTA funds, with Leadership Institutions generating substantially higher revenue to support equal access to justice.Generated from the website

Jaffe Co

Kozodoy, David E Aty

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Tod A Cochran Attorney