Buying or Selling a Law Practice
Make sure the IOLTA is fully funded
Acquiring attorney inherits all IOLTA problems
Are all funds in the IOLTA and are the necessary records in place to show that?
The IOLTA Fire Drill
Test your IOLTA compliance - If all your clients show up at once and ask for their money:
Do you know exactly how much money each client has on account?
Are the funds present?
Is there any money left over that's unaccounted for?
Helping lawyers & LLLTs with IOLTA Compliance, Audits, Education, and Overdraft Representation