With the expiration of the Dodd-Frank Deposit Insurance Provision on December 31, attorney IOLTA accounts no longer have unlimited FDIC insurance coverage. All types of trust accounts, including attorney IOLTA accounts, have now reverted to the standard maximum deposit insurance amount of $250,000. Attorney IOLTA accounts qualify under FDIC regulations as fiduciary accounts, and are [...]
Foundation board member David A. Kutik, a partner at Jones Day in Cleveland, said in a recent Court News Ohio story "Working with legal aid has been one of the highlights of my career...the attorneys who work at legal aid are inspiring." To read more, click here.
Judith French, a judge of the Ohio Tenth District Court of Appeals, was today appointed by Governor Kasich to the Ohio Supreme Court. Judge French will serve the remainder of the term of Justice Evelyn Lundberg Stratton, who is retiring from the bench. To read more, click here.
In early January, Ohio attorneys will again be asked to report pro bono activities to the Supreme Court. The all-electronic process collects data about pro bono work that will be used to improve the delivery of civil legal services to Ohioans that cannot afford to hire an attorney. The reporting process is both voluntary and [...]
Ohio Regents Chancellor and Foundation board vice president Jim Petro announced today that he will retire from the Board of Regents on February 1. To read more, click here.
The Legal Aid Society of Columbus has moved its office in Marion to a larger, more modern space, but funding limits continue to mean the office cannot meet the community's need for legal services to low income residents.
Today, the Ohio Legal Assistance Foundation released an economic impact study that demonstrates that legal aid in Ohio generate millions of dollars of economic activity for the Ohio communities it serves. The report found that entire communities and neighborhoods benefit when low income Ohioans are assisted by legal aid attorneys. To read a copy of [...]
Legal Services Corporation President James J. Sandman is the recipient of the 2012 Washington Council of Lawyers' Presidents' Award, which recognizes exceptional commitment to public service, pro bono, and the public interest community. To read more, click here.
An IRS rule created by the Housing Assistance Act of 2008, Rule 6050W, may impact IOLTA accounts if the account accepts credit card payments. If an attorney or law firm accepts credit card payments and processes credit card transactions throught a third party processing entity, that entity must now provide information concerning those payments and [...]
The Supreme Court of Ohio Commission on Professionalism has released the first of a series of best practices publications for attorneys titled "Professionalism Dos and Don’ts." To read more, click here.
