Compliance officer for legal practice—COLP—title and duties 2011 [Archived]The compliance officer for legal practice (COLP) sits at the heart of the...
SRA Accounts Rules 2019This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019,...
Duties of confidentiality and disclosure 2019The protection of confidential information is a fundamental feature of the solicitor-client relationship...
Interest policy 2019—law firms1Amount of interestWe will pay a fair sum of interest to clients or third parties on any client money we hold on their...
Financial management policy—law firms1Introduction1.1Sound financial management is critical to the success of any business.1.2Implementing financial...
Am I allowed to transfer my seller client’s sale proceeds from a client account to a third party firm of solicitors directly in relation to a matter...
We have received monies from the sale of a matrimonial home to be paid to our client’s former husband. He is refusing to provide bank details and has...
Is a client entitled to see a copy of their client account ledger and/or and any payments made from office account?From an accounts rules perspective,...
Our client is an attorney under an LPA and would like us to use monies in our client account from an unrelated matter to pay some bills of the donor....
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...
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...
Cheque signatories and withdrawals from client account 2011 [Archived]The SRA AR 2011 require specific authority for a withdrawal from client account...
Suspense ledger 2019—law firmsThis Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding...
Accounts procedures—regulatory requirements 2011 [Archived]The overarching objective of the Accounts Rules is to keep client money safe. Except when...
Residual balances 2011—regulatory requirements [Archived]This Practice Note explains the requirements of the SRA Accounts Rules 2011 for dealing with...
SRA Accounts Rules 2019This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019,...
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