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Mandatory IOLTA approved (access required)

IOLTA is mandatory in Virginia as of Oct. 1, following action by the Virginia Supreme Court last week. A sharply divided court voted 4-3 to adopt the controversial Virginia State Bar proposal that will require most practicing attorneys to maintain ...

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Firms hiring fewer clerks (access required)

The number of summer clerks hired by Virginia’s largest law firms is down from 1992, or at least the same. And while positions may be somewhat more difficult to find, law students who land jobs may earn a higher wage ...

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High court hears IOLTA arguments (access required)

Partisans in the fight over the Virginia State Bar’s mandatory IOLTA proposal last week brought the showdown to Virginia’s court of last resort. VSB President William R. Rakes, urging adoption of the proposal, said that the VSB Council’s 33-23 vote ...

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Fax Poll: IOLTA opposed, 83-17% (access required)

As the Virginia Supreme Court prepares to hear argument on the mandatory IOLTA proposal later this week, lawyers responding to a Virginia Lawyers Weekly fax poll overwhelmingly reject the idea. Eighty-three percent of the 930 respondents oppose the IOLTA proposal ...

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