An op-ed attack on IOLTA

From the LA Times, here's an op-ed attacking IOLTA funds and the uses they're put to. I was surprised to see that California's fund generated only $6 million recently. (Although I have no beef with the structure of IOLTA accounts, I always thought the funds should first be used to pay clients who suffered theft by their attorneys and the leftover used as the funds are now used. After all, the money generating all that interest belongs to the clients of the world. Why shouldn't its first and best use be making clients whole? Does anyone know what percentage of such thefts the client protection funds actually cover?)   (h/t: Overlawyered)