Friday, January 31, 2014

What is IOLTA? What was "Jurisprudence" by Klimt?

IOLTA.orgInterest on Lawyers Trust Accounts (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 and support improvements to the justice system.

A lawyer who receives funds that belong to a client must place those funds in a trust account separate from the lawyer's own money. Client funds are deposited in an IOLTA account when the funds cannot otherwise earn enough income for the client to be more than the cost of securing that income. The client - and not the IOLTA program - receives the interest if the funds are large enough or will be held for a long enough period of time to generate net interest that is sufficient to allocate directly to the client.

Every state, along with the District of Columbia and the Virgin Islands, operates an IOLTA program. In 2009, the U.S. IOLTA programs generated more than $ 124.7 million nationwide. These funds, together with state and federal appropriations as well as private grants and donations, enable nonprofit legal aid providers to help low-income people with civil legal matters such as landlord/tenant issues, child custody disputes and advocacy for those with disabilities.

Interest on Lawyer Trust Accounts - Wikipedia, the free encyclopedia

Interest on Lawyer Trust Accounts (IOLTA) is a method of raising money for charitable purposes, primarily the provision of civil legal services to indigent persons, ...How It Works - ‎History - ‎Legality - ‎Canadian Practices

Update November 2009:    ... In doing the research for this post (which took way longer than I estimated because more and more fascinating & beautiful artworks kept rising up), I discovered that Federal Judge Michael B. Mukasey (Yes, that Mukasey – the soon-to-be new U.S. Attorney General) ruled on a dispute of one of Schiele’s paintings:  ”Portrait of Wally” (the same “Wally,” but a painting by Schiele).  A 2002 Forbes article explaining that dispute can be found here.  That dispute in federal court appears to still be ongoing as noted in this year’s New York Times article >> here.

Michael B. Mukasey on Wikipedia
Gustav Klimt on Wikipedia
Schiele on Wikipedia

If you don’t think Klimt’s ideas and work mattered, then attempt to name one of his contemporary fellow Austrian citizens from that era.   Sadly, some of his art has been lost, but hopefully it will not be forgotten.  Viewing many more of Klimt’s artworks today (in selecting the few above), this idea came to mind:  “Visual arts work often because many people prefer to ‘see’ protest in action rather than to read about it.”

Here are Some of Klimt’s Paintings That Have Been Destroyed Over Time:


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