This beneficial program lets lawyers and law firms establish dividend-bearing accounts for client deposits which are nominal in amount or expected to be short term. Examples are real estate deposits and closings, personal injury awards, and litigation settlements.
We remit all dividends generated from client accounts to the Massachusetts IOLTA Committee, who distributes it into three charitable entities: The Boston Bar Foundation, The Massachusetts Bar Foundation, and The Massachusetts Legal Assistance Corporation. These organizations make the funds available to individuals in need of various legal services.
Take a look at our current rates.