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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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9th Nov
Practice notes
Source of funds and wealth was a key focus of the SRA’s Preventing Money Laundering and Financing of Terrorism thematic review, published in March...
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9th Nov
Practice notes
This Practice Note provides an introduction to retained EU law, which is an entirely new legal concept introduced to UK domestic law in preparation...
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9th Nov
Precedents
DRAFTING FOR BREXIT: For the latest information on the impact of Brexit on the drafting, negotiation and enforceability of this Precedent, see...
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9th Nov
Precedents
How to use this testThese questions are designed to test your understanding after your attendance at our training on avoiding bribery and...
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9th Nov
Practice notes
The compliance officer for legal practice (COLP) sits at the heart of the firm's regulatory arrangements. This does not mean that the firm and its...
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9th Nov

Most recent Accounts & Finance content

Practice notes
This Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding residual balances. It also...
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15th Jan
Practice notes
The SRA AR 2011 allow firms to use a temporary client ledger card (referred to as a suspense ledger account) to post unknown receipts while further...
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Produced in partnership with Institute of Legal Finance and Management 15th Jan
Practice notes
This Practice Note sets out the requirements of the SRA Accounts Rules 2019 (the 2019 Rules), in force from 25 November 2019, together with supporting...
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15th Jan
Practice notes
This Practice Note sets basic accounts procedures firms are expected to implement and is drawn from:•the SRA Accounts Rules 2011 (SRA AR 2011)•SRA...
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15th Jan
Practice notes
The SRA AR 2011 require specific authority for a withdrawal from client account by an appropriate person. This practice note aims to help you consider...
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Produced in partnership with Institute of Legal Finance and Management 15th Jan
Practice notes
This Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding use of suspense ledgers. It...
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15th Jan
Practice notes
This Practice Note explains the requirements of the SRA Accounts Rules 2011 for dealing with residual balances on client account. For guidance on the...
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15th Jan
Practice notes
This practice note covers the regulatory requirements that must be observed to minimise any events that could affect your firm’s financial stability....
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Produced in partnership with DG Legal 15th Jan
Practice notes
This Practice Note looks at some of the more common problem areas in the detailed application of the SRA Accounts Rules 2011 (SRA AR 2011) which can...
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Produced in partnership with Taylor Mowbray LLP 8th Jan
Practice notes
Most firms at any given time have some old, usually small, residual balances on client matters. In the normal course of events, dealing with residual...
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Produced in partnership with Sarah Mumford 8th Jan
Q&As
An agreed fee as defined in the SRA Accounts Rules under rule 17.5 is:‘A payment for an agreed fee must be paid into an office account. An "agreed...
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Produced in partnership with Sarah Charlton of ILFM 8th Jan
Practice notes
Under the SRA Accounts Rules 2011 (SRA AR 2011), you must only pay into or hold in your client account client money.This requirement is subject to...
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Produced in partnership with Institute of Legal Finance and Management 8th Jan
Practice notes
This practice note looks at some of the more common problems that arise in terms of the detailed record keeping requirements of the rules.Key...
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Produced in partnership with Taylor Mowbray LLP 8th Jan
Practice notes
This Practice Note provides guidance on managing financial risk. It reflects the SRA Standards and Regulations 2019 and additional financial...
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Produced in partnership with DG Legal 8th Jan
Q&As
Rule 21.1 of the Solicitors Regulation Authority Accounts Rules 2011 (SRA AR 2011) does permit an authority for withdrawals from client account to be...
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Produced in partnership with Sarah Charlton of ILFM 8th Jan
Practice notes
This Practice Note explains the SRA Accounts Rules requirements (rules 22 to 25) regarding interest on monies held in a client account.SRA Accounts...
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Produced in partnership with Taylor Mowbray LLP 8th Jan
Q&As
From an accounts rules perspective, the Solicitors Regulation Authority is silent on this specific point, but the Law Society considers accounting...
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Produced in partnership with Sarah Charlton of ILFM 8th Jan
Practice notes
This Practice Note sets out the requirements of the SRA Accounts Rules 2019, in force from 25 November 2019, regarding client account withdrawals. It...
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7th Dec

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