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Better IOLTA rates boost Bar Foundation revenue (access required)

Buoyed by a midyear change in a state rule governing IOLTA interest rates, the S.C. Bar Foundation is enjoying the first uptick it's seen in IOLTA revenue since 2008. "We're seeing more revenues than we had last year, but in this low-interest-rate environment, it's certainly not the amount of revenues that we saw several years ago," said Shannon W. Scruggs (pictured), executive director of the foundation.

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