Writing for Massachusetts Lawyers Weekly, David C. Henderson Highlights the Importance of the IOLTA ProgramPrint PDF
David C. Henderson, a partner in Nutter’s Litigation Department and a member of the Massachusetts IOLTA Committee, authored an article that elaborated on the amendment to the Supreme Judicial Court’s Rule 3:15 and the importance of the Massachusetts Interest on Lawyers’ Trust Accounts (IOLTA) program in Massachusetts Lawyers Weekly. In the article, “Rule Change is a Reminder of Importance of IOLTA Program,” David outlines three key points: 1. The IOLTA program requires that client funds be handled in a structured manner that collaterally serves the greater well-being of the Commonwealth; 2. IOLTA rules are particularly important to attorneys representing clients in class action litigation; and 3. Massachusetts attorneys also can promote the objectives of the IOLTA program by keeping their IOLTA accounts in “leadership banks” or encouraging other banks to become leadership banks.