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Essentials of IOLTA Compliance - Understanding, Creating, and Managing Client Trust Accounts

Program Originally Presented Tuesday, February 23, 2021

One of the most essential financial accounts of law firms is the Interest on Lawyer Trust Accounts (IOLTA). This is the bank account attorneys use to hold client funds. In addition, IOLTA is an important means of securing access to equal justice for individuals living in poverty, with interest from these lawyer trust accounts being pooled to provide civil legal aid funding for indigent people and support improvements to the justice system. Pennsylvania attorneys have important and significant responsibilities when it comes to maintaining and managing the IOLTA they use. Unfortunately, some attorneys overlook the importance of ongoing education about this integral part of maintaining a law practice.

This essential and practical encore CLE program will help Pennsylvania attorneys understand the IOLTA system, ensure best practices when setting up IOLTA, alert them to their obligations, and, perhaps most importantly, receive concrete and practical guidance for how to successfully manage IOLTA and avoid disciplinary issues that can result from improper handling of these funds. This dynamic presentation includes a member of the Pennsylvania IOLTA Board, a member of the Pennsylvania Office of Disciplinary Counsel, and a representative from the Philadelphia Bar Association Professional Guidance Committee who fields numerous questions about IOLTA issues on the Philadelphia Bar Association Ethics Hotline. The program will provide useful insight to help solo and small firms build and operate your firms with confidence.

Attendees will benefit from the peace of mind which comes from being able to gain important insight and tools with regard to managing theirs and their firm's IOLTA. 
 

Moderators:
Kristine L. Calalang, Esq. (she/her/hers)
The Law Office of Kristine L. Calalang
Co-Chair, Solo and Small Firm Management Committee
Philadelphia Bar Association

Dino Privitera, Esq.
The Privitera Law Firm LLC
Co-Chair, Solo and Small Firm Management Committee
Philadelphia Bar Association
 
Panelists:
Thomas J. Farrell, Esq.
Chief Disciplinary Counsel
Disciplinary Board of the Supreme Court of Pennsylvania, Harrisburg

Stephanie S. Libhart, Esq.
Executive Director, Pennsylvania IOLTA Board
Supreme Court of Pennsylvania

Daniel J. Siegel, Esq.
Law Offices of Daniel J. Siegel, LLC

Robert S. Tintner, Esq.
Partner, Fox Rothschild LLP
Professional Guidance Committee
Ethics Hotline

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