In Re Interest on Lawyer's Trust Accounts

The Arkansas Bar Association, through its Interest on Lawyers’ Trust Accounts Committee, petitioned this court to permit the collection and disbursement of interest derived from lawyers’ trust accounts, which are nominal in amount and of short duration. The recipient of the funds would be a nonprofit organization to be created to dispense the funds primarily to provide legal aid to the poor in civil matters, and secondarily, for other specified legal projects. On January 10,1982, in response to the petition we issued a per curiam opinion inviting amicus curiae and other writing on this…