Pennsylvania Rule of Professional Conduct 1.15 requires attorneys to deposit nominal and short-term fiduciary funds in interest-bearing IOLTA accounts at Eligible Financial Institutions. The attorneys’ financial institutions transfer the interest earned on IOLTA accounts to the Pennsylvania IOLTA Board.
Upon approval of the Supreme Court of Pennsylvania, the Pennsylvania IOLTA Board makes grants to non-profit legal aid organizations and law school clinical and internship programs that provide free civil legal representation to the poor and disadvantaged.
Out-of-state attorneys seeking to enter their appearance on a Pennsylvania case must pay an admission fee of $375 per case to the Pennsylvania IOLTA Board prior to filing the motion with the court. Complete your pro hac vice application online and pay the fee by check or credit card.
Pennsylvania Rule of Professional Conduct 1.15 sets forth requirements for attorneys’ use of IOLTA accounts and handling funds of others.
Platinum Leader Banks are Eligible Financial Institutions that go above and beyond eligibility requirements to ensure the success of the IOLTA program and increase funding for civil legal aid. Pennsylvania attorneys are encouraged to patronize them.