Court Rule Change on Unidentified IOLTA Funds Raises Over $1 Million for Legal Aid
A recent change to the rule governing how lawyers deal with unidentified funds in their pooled client trust accounts has generated over $1,000,000 for legal aid in Illinois.
In March 2015, the Supreme Court of Illinois amended Rule 1.15 of the Illinois Rules of Professional Conduct to require Illinois lawyers to remit unidentified funds in these client trust accounts to the Lawyers Trust Fund of Illinois after a 12-month due diligence process to determine who owns the funds. Since the new rule went into effect on July 1, 2015, the Lawyers Trust Fund (LTF) has received $1,007,829.21.
“For the 1.8 million Illinoisans living in poverty, legal aid is the only realistic option when confronted with a serious legal problem,” said LTF executive director Mark Marquardt. “Unfortunately, legal aid groups are facing serious financial headwinds in terms of both state and federal funding, which make this new source of revenue even more critical.”
Illinois Supreme Court Chief Justice Lloyd A. Karmeier said, “The Court recently had the opportunity to tour the State Archives and see, firsthand, the efforts being made there to conserve these important documents. Attorney oaths offer scholars, educators and students a very tangible, but very fragile connection to the lawyers who have helped shape our laws and the legal profession over the past two centuries. The Court is extremely grateful to the Archives for everything it has done to ensure that this irreplaceable record of the legal profession’s history is preserved and protected for future generations. The work done by the Archives’ staff has been nothing less than extraordinary.”
Asked and Answered
"This past January, many newspapers carried stories of lawyers at airports, including O'Hare, offering assistance to immigrants and their families in light of the January 17 Presidential Executive Order on immigration," ISBA General Counsel Charles Northrup writes in the April Illinois Bar Journal. "The stories were often accompanied by photos of lawyers holding up hand-written signs saying things like 'Need a Lawyer?' or 'Lawyers Here to Help.'"
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