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Phillips v. Washington Legal Foundation

521 U.S. 1117 Court SCOTUS Decision date 1997-06-27 Docket No. 96-1578 English

Delivered by Majority

Contents

Majority

p. 1117
No. 96-1578.
Phillips et al. v. Washington Legal Foundation et al.

C. A. 5th Cir. Certiorari granted limited to the following question: “Is interest earned on client trust funds held by lawyers in IOLTA accounts a property interest of the client or lawyer, cognizable under the Fifth Amendment of the United States Constitution, despite the fundamental precept of IOLTA that such funds, absent the IOLTA program, could not earn interest for the client or lawyer?”

Statutes and regulations cited