Northern Trust Account Update

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 »

Update for Northern Trust Customers

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 »

LTF Announces FY15 General Operating Support Grants

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 »

Ensuring “Pass-through” FDIC Coverage

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 »

2014 Project Grants Announced

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 »

Beware Scams Targeting Lawyers

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 »

LTF Marks 30th Anniversary

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 »

LTF Honors Legal Aid Leaders

On the occasion of its 30th anniversary celebration earlier this year, the Lawyers Trust Fund presented awards to Marti Jones and Lisa Colpoys in recognition of their years of leadership and service in the fight for equal justice in Read more »

FY2014 Grants Awarded

LTF’s board of directors has approved $8,106,406 in grants to 16 organizations for FY2014.  These grants will provide critical general operating support. LTF will also fund six special initiatives to increase representation for low-income clients and transform aspects of the … Read more »

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