Interest on Lawyer Trust Account (IOLTA) programs in this country were created in response to the Legal Services Corporation (LSC) funding cutbacks in the 1980s and have in the years since become a key source of support for civil legal services programs. In 1997, IOLTA programs across the country provided approximately $108 million compared to LSC's fiscal year 1998 $274.4 million.
Lorna K. Blake,
The IOLA Fund and LSC Restrictions,
Yale L. & Pol'y Rev.
Available at: https://digitalcommons.law.yale.edu/ylpr/vol17/iss1/16