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Contributions by ILFM Experts
For a firm which is a limited liability partnership to be able to sue on a bill, should the partner signing the bill sign the name of the firm, ie sign ‘ABC LLP’ or sign their own name, ie ‘John Smith’?
In relation to the electronic signature process for withdrawing from client account, does there need to be an actual electronic signature or will a confirmatory email suffice?
Is a client entitled to see a copy of their client account ledger and/or and any payments made from office account?
Is there a difference between agreed fees and fixed fees? If yes, how must each one be dealt with in terms of the SRA Accounts Rules and do we need to say anything specific about agreed fees in our client care documentation?
We maintain a central register of money held outside of client account under Rule 14. In some instances, money which would normally be held outside of client account has been converted into investments such as bonds and shares. Should these be included in the register and if so how would they be recorded and how often would the register need to be updated? In particular I am thinking in the case of shares where the value of the holding may vary day by day.
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