David C. Henderson, a partner in Nutter’s Litigation Department and a member of the Massachusetts IOLTA Committee, authored an article that elaborated on the amendment to the Supreme Judicial Court’s Rule 3:15 and the importance of the Massachusetts Interest on Lawyers’ Trust Accounts (IOLTA) program in Massachusetts Lawyers Weekly. In the article, “Rule Change is a Reminder of Importance of IOLTA Program,” David outlines three key points: 1. The IOLTA program requires that client funds be handled in a structured manner that collaterally serves the greater well-being of the Commonwealth; 2. IOLTA rules are particularly important to attorneys representing clients in class action litigation; and 3. Massachusetts attorneys also can promote the objectives of the IOLTA program by keeping their IOLTA accounts in “leadership banks” or encouraging other banks to become leadership banks.
Originally published in MA Lawyer's Weekly, October, 2018
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