The Florida Bar News July 31, 2024

LegalFuel: The Practice Resource Center of The Florida Bar has released a newly recorded seminar focused on the essentials of IOTA trust accounting.

The session, titled, “IOTA Management for Lawyers,” is now available under LegalFuel’s free CLE offerings and provides an in-depth exploration of trust accounting fundamentals.

IOTA Management for Lawyers is approved for 1 hour of General CLE Credit, including 1 hour of Ethics Credit.

The presentation was one of the most well-attended sessions at the recent Annual Florida Bar Convention in June. It covers topics such as the rules and regulations governing trust accounts, common mistakes attorneys make, and best practices for managing trust accounts.

The seminar features Tim Jakubowski, an attorney banking consultant and assistant vice president at Nota by M&T Bank. With nearly a decade of experience working with small business clients and a focus on enhancing efficiency for solo and small law firms, Jakubowski brings extensive expertise to the topic. His role at Nota includes helping law firms navigate trust accounting through their innovative trust accounting platform.

Florida lawyers now have free access to Nota, the financial platform designed to streamline trust account management and compliance. Nota has been added to The Florida Bar’s Member Benefits lineup, addressing the need for a simplified, efficient solution for managing client funds.

Maintaining trust account compliance is vital for legal professionals. Attorneys must account for every penny held in trust, and lapses can lead to serious consequences, including client complaints, audits, and potential disciplinary actions. Trust accounting violations have consistently ranked among the top disciplinary complaints in Florida over the past four years.

Nota’s platform offers a comprehensive solution with total visibility into bank accounts and seamless integration into law firm workflows. It supports integration with major practice management, legal payment, and accounting platforms, making it an essential tool for managing client IOTA accounts efficiently.

To access Nota’s platform, visit www.trustnota.com/TheFloridaBar.

VIEWS AND CONCLUSIONS EXPRESSED IN ARTICLES HEREIN ARE THOSE OF THE AUTHORS AND NOT NECESSARILY THOSE OF FLORIDA BAR STAFF, OFFICIALS, OR BOARD OF GOVERNORS OF THE FLORIDA BAR.