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An effort to get banks to raise interest rates and/or drop service charges on trust accounts in which lawyers hold clients' money increased funding for legal services by about $130,000 so far this year, the Texas Equal Access to Justice Foundation reports. Since the IOLTA Program depends on interest rates to generate revenue, the foundation decided to ask bankers for help, urging them to "Go for IOLTA Gold."
March 01, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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