03 Aug 2013

The Perfect Storm - CIR and IOLTA

Teaser - "... I can see the potential for another “perfect storm” as it relates to immigration attorneys. This storm will be formed from the confluence of four factors: 1. IOLTA (Interest on Lawyers’ Trust Accounts) accounting practices that are commonly used (or more accurately stated, “not used”) by some immigration attorneys I have discussed this issue with across the nation; 2. the grievance process; 3. IOLTA accounting rules as promulgated by the governing bodies; and 4. potential passage of CIR legislation. ..." - by Robert Alcorn, in the Aug. 15, 2013 issue of Bender's Immigration Bulletin.  [Note: BIB is FREE if you subscribe to the 'bible' of immigration law, Immigration Law and Procedure.]