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Message
re: OT Lawyers - depositing checks into your IOLTA account
Posted on 7/13/17 at 7:22 pm to Jim Rockford
Posted on 7/13/17 at 7:22 pm to Jim Rockford
quote:
My attorney relative hates IOLTA and uses it only when he has no other alternative.
Your attorney relative is going to be disbarred sooner or later.
1
Posted on 7/13/17 at 7:38 pm to chinhoyang
quote:
Law firm has a check payable to it and the client. Has it become common for banks to require that both you and your client appear at the bank in order to deposit the check? I've never heard of this, but apparently this is our new bank's policy;.
Wut? I'm trying to set up my agreements to avoid IOLTAs as much as possible -- but I have never heard the client needs to be there to deposit. Find a new bank
Posted on 7/13/17 at 7:39 pm to BPTiger
quote:
Your attorney relative is going to be disbarred sooner or later.
A lot of attorneys in my area try to structure agreements as nonrefundable retainers as much as possible to avoid IOLTAs
Posted on 7/13/17 at 8:11 pm to chinhoyang
Please tell me which idiot bank made this policy so I can never use them.
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