What is a iolta (interest on lawyers' trust accounts)?

A system for managing client funds held by an attorney in a trust account. The interest earned on these accounts is pooled and used by state bar associations to fund legal aid services for the indigent. Legal practice management software must have features to manage these accounts in compliance with strict state-specific rules.

Who uses one?

Law firm partners and administrators managing matters, billing, and client communication

What does it cost?

Pricing varies. The cheapest provider in our Top 11 starts around $39/mo. See the cheapest providers ranked.

How do I pick one?

Read the full methodology for our 9.4-point scoring framework, then look at the canonical The 11 Best Legal Practice Management Software Tools (2026). If you want a slice of the ranking by price, fit, or compliance, jump to: cheapest · highest-rated · fastest onboarding.

Source: Top 11 The 11 Best Legal Practice Management Software Tools (2026), verified June 27, 2026.