Fla. High Court Indicates Changes Coming To IOTA Funding

Law360 (May 5, 2021, 3:52 PM EDT) -- The Florida Supreme Court hinted Wednesday that changes to how funds from interest on attorney trust accounts are distributed will be coming, but the justices seemed open to tweaks that would lessen the blow of a proposal that legal aid groups say would cripple their abilities to serve low-income individuals.

At oral arguments on the controversial proposed rules that would constrain how the Florida Bar Foundation disburses IOTA funds to legal aid organizations, the justices waved off what they called "the sky is falling" criticism of the proposals.

"Judging from a lot of the response to this, you would think you...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!