Ruth Ann Schmitt, the longtime executive director of the Lawyers Trust Fund (LTF), has announced her retirement effective June 30, 2015. LTF’s board of directors has selected LTF Deputy Director Mark Marquardt as her successor.
Beginning in 1981, Schmitt worked … Read more »
The Lawyers Trust Fund is making $615,000 in project and new applicant grants to 20 organizations in 2015. These grants support legal aid projects that are part of an organization’s broader provision of social or other services. For more information … Read more »
Recent discussions with officials at Northern Trust have shed some additional light on the bank’s communications with its IOLTA account holders during the summer, and its stated intention to close the IOLTA accounts of many customers after October 3.
The … Read more »
The Lawyers Trust Fund is aware that Northern Trust Bank recently has contacted many of its lawyer customers about the status of their IOLTA accounts. The bank’s written communications have stated that Northern Trust will cease offering IOLTA accounts without … Read more »
The board of directors of the Lawyers Trust Fund has approved $7,665,000 in grants to 16 organizations for FY2015. These general operating support grants provide critical, unrestricted funding to non-profit agencies providing legal aid throughout Illinois. See the full list … Read more »
Are your clients’ IOLTA account deposits insured? The beginning of the year is a good time to ensure your clients will be eligible for the maximum amount of FDIC insurance coverage on their deposits.
The FDIC provides “pass-through” insurance coverage … Read more »
LTF’s board of directors has approved $617,500 in project grants to 15 organizations for 2014. These grants will support legal aid projects that are part of an organization’s broader provision of social or other services. (See the list of 2014 … Read more »
Thank you to the Illinois State Bar Association and the Chicago Bar Association for helping to commemorate the Lawyers Trust Fund as its 30th anniversary year continues. Both organizations were partners in establishing LTF, and both continue to supply … Read more »
Lawyers continue to be targeted by sophisticated internet fraud scams that involve transferring large sums of money through their client trust accounts. Some scams go to great lengths to borrow the identity of innocent third parties to lend credibility to … Read more »
In June the Lawyers Trust Fund celebrated 30 years of supporting legal aid in Illinois. LTF was established in 1983 by the Illinois State and Chicago Bar Associations and tasked with administering the IOLTA program created by the Illinois … Read more »