Louisiana Supreme Court
Amends
Rule 1.15
ATTORNEYS DO NOT NEED
TO TAKE ANY ACTION!
On January 3, 2008, the Louisiana Supreme Court granted the petition filed by the Louisiana Bar Foundation amending the LSBA Rules of Professional Conduct Rule 1.15 Safekeeping Property, IOLTA Rules.
IOLTA accounts must now earn the same or comparable interest or dividend rates available to similarly-situated non-IOLTA customers at the same financial institution.
The new rule was effective on April 1, 2008.
IOLTA has provided more than $32 million to civil legal aid programs and other charitable projects that improve the administration of justice in Louisiana since its inception in 1989.
Who We Are
The Louisiana Bar Foundation (LBF) is a non-profit 501 (c) (3) entity organized under the state of Louisiana. We exist to preserve, honor and improve our system of justice by funding, developing and otherwise promoting efforts which enhance the legal profession, increase public understanding of the legal system and advance the reality of equal justice under the law. The LBF supports programs that provide free legal services for the poor in all 64 parishes of the state of Louisiana. |