NASHVILLE, Nov. 25, 2008. The lawyer’s program that provides funding for legal services for the poor by drawing interest on idle client
trust funds would get a significant boost under a proposal filed Monday with the Tennessee Supreme Court.
The proposal, made jointly by the Tennessee Bar Foundation, which administers the program; the Tennessee Bar Association,
representing 10,000 Tennessee lawyers; the Tennessee Association for Justice; and the Tennessee Alliance for Legal Services
asks the court to require lawyers to participate in the Interest on Lawyer’s Trust Accounts (IOLTA) Program by placing client funds
that cannot earn interest, because they are either too small or expected to be held for a short duration, in accounts that pay interest
to the foundation.
Tennessee lawyers have voluntarily participated in the IOLTA program since 1985 and the program has produced more than $14 million
for legal aid and other programs.
Tennessee would join 38 other states that have mandated participation by lawyers in such programs and would join some 23 other states
that have enhanced the provisions requiring banks to treat such accounts on parity with other similarly situated accounts. These twin moves
in other states have boosted funding by a minimum of 25 percent, with some states doubling or tripling the amount of funds going to
legal aid programs.
“We believe this is a very important initiative that will, in time, produce critically needed additional grant money for the cause of
equal access to justice. At a time when so many of our fellow citizens are in dire need of legal assistance, we hope the court will act
favorably on our proposal,” said TBA President Buck Lewis, a shareholder in the Memphis office of Baker, Donelson, Bearman, Caldwell &
Berkowitz PC.
President Lewis’ access to justice campaign, called “4ALL,” is a multi-faceted yearlong effort to enhance access to justice for Tennesseans
who cannot afford legal representation. Additional information on the 4 ALL campaign is available at www.tba.org/4ALL.
The Tennessee Bar Association (TBA) is the largest professional association in Tennessee with about 10,000 members. Founded in 1881, the
TBA provides opportunities for continuing legal education, professional development and public service. The TBA's dedication to serving
the state's legal community is evidenced by its membership roll, which represents the entire spectrum of legal practice: plaintiff and defense
lawyers, corporate counsel, judges, prosecutors, public defenders, government lawyers and legal services attorneys.
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For more information
Stacey Shrader
Media Relations Coordinator
221 Fourth Avenue N. Suite 400
Nashville, TN 37219
Email: sshrader@tnbar.org
Telephone: 615-383-7421 or 800-899-6993
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