Lawyers Trust Fund Revenue

The Lawyers Trust Fund of Illinois receives income from three sources:

• The Interest on Lawyer’s Trust Accounts (IOLTA) program.
• A $95 legal aid fee that Illinois lawyers pay to the Attorney Registration & Disciplinary Commission as part of their annual registration process; and
• Unidentified funds discovered in IOLTA accounts.

View a breakdown of revenue sources for LTF in FY 2023 below.

IOLTA Income

The IOLTA program is a charitable partnership between the legal community and financial institutions. More than 400 banks throughout Illinois participate in IOLTA, and remit interest on attorneys’ pooled trust accounts to the Lawyers Trust Fund.

IOLTA revenue fluctuates based on interest rates. Over the past dozen years, net IOLTA income – the total interest earned minus bank fees and charges – has varied from a high of $20,473,921 in FY 2023 to a low of $2,128,937 in FY 2015.

LTF Financial Statements

View a summary of LTF’s financial statements for FY 2023 [PDF].