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State Bar & Bar Associations

Dec. 31, 2009

Legal Aid Groups To Feel Pinch

Legal Aid groups across the state will soon feel the pinch of staggeringly low interest rates, which have decimated the pool of grants offered by a State Bar program.

By Amy Yarbrough

Daily Journal Staff Writer

Legal Aid groups across the state will soon feel the pinch of staggeringly low interest rates, which have decimated the pool of grants offered by a State Bar program.

The Legal Services Trust Fund Program, financed largely by interest on lawyers' trust accounts, known as IOLTA, did well in 2008, bringing in roughly $22 million thanks to legislation that allowed those accounts to c...

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