ALBANY – The state’s judiciary will lead a new effort over the next seven months to identify a more reliable mechanism for funding civil level services for the poor, Chief Judge Jonathan Lippman declared yesterday during Law Day ceremonies.
Judge Lippman said that an unprecedented coalition of judges, legal services providers, law colleges and bar groups will work together to supplement, if not supplant, the Interest on Lawyers’ Account Fund, which is financed by the interest on money lawyers hold in escrow for clients, typically involving pending real estate transactions. Declining interest rates have driven down the fund to less than $8 million this year from $31 million a few years ago.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
