Yes, if you receive IOLTA eligible funds. You are not required to have any client trust accounts until you begin to receive trust funds. For example, lawyers who are not in private practice may never receive IOLTA eligible funds. When you begin to receive funds on behalf of clients, such as advance fees or unearned costs, you must maintain either a separate trust account for each client (if the amount is expected to earn interest for the client in excess of the cost of maintaining the account), or an interest bearing common–client or “pooled” trust account to hold the funds of more than one client. Advance fee payments such as flat fees or sums against which an hourly rate will be applied are typically deposited into the D.C. IOLTA account. Absent informed consent from the client, a fee advance from a client must be placed in a trust account. Most firms place these fee advances in a D.C. IOLTA account because the advances are considered either nominal in amount or to be held for a short period of time and therefore any interest earned in an individual trust account would be consumed by the expense of administration. Therefore, if you receive IOLTA eligible funds, you must have a D.C. IOLTA account. If money you receive as a lawyer is for payment of legal services you have already provided, for example, you performed the work, sent a bill and were paid, then you do not need a trust account of any kind.