IOLTA (Interest on Lawyers Trust Accounts) is a law-related public service program that helps to strengthen our justice system. IOLTA is a unique and innovative way to increase access to justice for individuals and families living in poverty and to improve our justice system. Without taxing the public, and at no cost to lawyers or their clients, interest from lawyer trust accounts is pooled to provide civil legal aid to the poor, public law-related education programs and support improvements to the justice system. Oklahoma’s program has provided more than $8 million since the program first began in 1983 benefiting thousands of families, children, the elderly and vulnerable adults. Each year Oklahoma school children benefit from law-related education programs learning about their rights and responsibilities as citizens. The success of IOLTA is dependent upon the cooperative relations between attorneys, the financial institutions and the various law-related charitable programs receiving grants each year.
Interest On Lawyers Trust Accounts (IOLTA) programs similar to Oklahoma’s operate throughout the United States, Canada and the U.S. Virgin Islands. IOLTA programs generate funds that are used to support legal aid services, to provide legal education for the public, and for other activities that improve the quality of and access to justice.