Managing IOLTA (Interest on Lawyers' Trust Accounts) can be incredibly tedious and specific, requiring unique accounting actions to maintain compliance with ABA regulations. Unlike other industries, the legal field must adhere to stringent and complex standards. Even a minor error can result in significant repercussions, including the potential loss of your right to practice law.
Avoid the pitfalls of IOLTA requirements by partnering with our experienced team. With over a decade of specialized expertise, we’ve developed a rigorous three-way reconciliation method. This ensures that your IOLTA bank balance is always aligned with your trust liability, both in your accounting and practice management software.
Our proven procedures have helped numerous law practitioners navigate and overcome the complexities of IOLTA compliance. Let our knowledge and experience safeguard your practice, allowing you to focus on what you do best—practicing law.