IOLTA Trust accounting is often one of the most difficult aspects of managing a law firm. Immigration law sees a higher volume of IOLTA transactions than other practice areas. Immigration attorneys looking to efficiently manage their trust accounting need to employ a practice management system that features an accounting system with safeguards in place to prevent overdrafts of client IOLTA balances. For more information on the accounting challenges that immigration law firms face, check out this article and short presentation from consulting firm Law Firm Velocity.
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