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Practice notes
AML and counter-terrorist financing—source of funds and source of wealthSource of funds and wealth was a key focus of the SRA’s Preventing Money...
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19th May
Practice notes
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s...
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19th May
Practice notes
Compliance officer for legal practice—COLP—title and duties 2011 [Archived]The compliance officer for legal practice (COLP) sits at the heart of the...
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19th May
Practice notes
Brexit—exiting the EU under Article 50 [Archived]ARCHIVED: This Practice Note has been archived and is not maintained.This Practice Note contains...
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Produced in partnership with Adam Cygan of University of Leicester 19th May
Practice notes
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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19th May
Precedents
1DefinitionsModern Slavery Policy•means the Customer's anti-slavery and human trafficking policy as set out in Schedule [insert] as updated by the...
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19th May
Practice notes
High-risk third countries trackerOrganisations caught by the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer)...
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19th May
Practice notes
Active bribery, passive bribery and bribing foreign public officialsThe purpose of this Practice Note is to provide a general understanding of the...
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Produced in partnership with Joanne Kane of Carmelite Chambers 19th May
Precedents
In briefThis precedent links to: •a template created by the UK Information Commissioner’s Office (ICO) of the ‘Set II’ or ‘2004’ EU Standard...
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19th May
Practice notes
Introduction to retained EU lawThis Practice Note provides an introduction to retained EU law. It provides an overview of the key definitions and...
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Produced in partnership with Dr. Kieran Laird of Gowling WLG 19th May
Practice notes
Safeguards and information barriersProtection of confidential information is fundamental to your relationship with clients, both as a matter of law...
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19th May
Practice notes
Undertakings and the SRA 2019What is an undertaking?An undertaking is:•a statement, given orally or in writing, whether or not it includes the word...
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19th May
Practice notes
Duties of confidentiality and disclosure 2019The protection of confidential information is a fundamental feature of the solicitor-client relationship...
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19th May
Practice notes
SRA Handbook 2011 [Archived]The SRA Handbook 2011 sets out standards and requirements that individual lawyers and firms are expected to achieve and...
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19th May
Precedents
1IntroductionThis financial sanctions policy is designed to ensure we comply with applicable financial sanctions laws made under the UK sanctions...
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19th May
Practice notes
Working with European lawyers—the Registered European Lawyer (REL) regimeAt 11 pm (GMT) on 31 December 2020, the Brexit transition/implementation...
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19th May

Most recent Accounts & Finance content

Precedents
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...
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3rd Aug
Precedents
Financial management policy—law firms1Introduction1.1Sound financial management is critical to the success of any business.1.2Implementing financial...
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2nd Aug
Q&As
Are there any rules or guidance about the handling of cheques that come in the post?The overarching objective of the SRA Accounts Rules 2019 is to...
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31st Jul
Q&As
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...
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31st Jul
Q&As
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,...
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Produced in partnership with Sarah Charlton of ILFM 31st Jul
Q&As
Is it possible to ask clients at the outset of a matter whether they are happy for any small, residual balance (say up to £10) to be donated to...
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Produced in partnership with Sarah Charlton of ILFM 31st Jul
Q&As
In relation to the electronic signature process for withdrawing from client account, does there need to be an actual electronic signature or will a...
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Produced in partnership with Sarah Charlton of ILFM 31st Jul
Q&As
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...
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Produced in partnership with Sarah Charlton of ILFM 31st Jul
Practice notes
Cheque signatories and withdrawals from client account 2011 [Archived]The SRA AR 2011 require specific authority for a withdrawal from client account...
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Produced in partnership with Institute of Legal Finance and Management 31st Jul
Practice notes
SRA Accounts Rules: common problem areas—record keeping 2011 [Archived]This practice note looks at some of the more common problems that arise in...
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Produced in partnership with Taylor Mowbray LLP 31st Jul
Practice notes
Suspense ledger 2019—law firmsThis Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding...
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31st Jul
Practice notes
Client account procedures and records 2019—law firmsThis Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25...
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31st Jul
Practice notes
Accounts procedures—regulatory requirements 2011 [Archived]The overarching objective of the Accounts Rules is to keep client money safe. Except when...
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31st Jul
Practice notes
SRA Accounts Rules: common problem areas—applying the rules 2011 [Archived]This Practice Note looks at some of the more common problem areas in the...
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Produced in partnership with Taylor Mowbray LLP 31st Jul
Practice notes
Residual balances 2011—regulatory requirements [Archived]This Practice Note explains the requirements of the SRA Accounts Rules 2011 for dealing with...
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31st Jul
Practice notes
Receipt and transfer of costs 2019—law firmsThis Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November...
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31st Jul
Practice notes
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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31st Jul

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