I have an attorney who has deposited $40,000 in cash in the last 12 to his operating account. I looked up the LBA website, guidance for IOLTA's and I think I'm reading all the client funds need to go to the IOLTA. Is it ever okay in Louisiana to put client funds (I assume these are client funds) directly into the operating account?
https://lalegalethics.org/louisiana-rule...eping-property/(c) A lawyer shall deposit into a client trust account legal fees and expenses that have been paid in advance, to be withdrawn by the lawyer only as fees are earned or expenses incurred. The lawyer shall deposit legal fees and expenses into the client trust account consistent with Rule 1.5(f).