The following Practice Compliance precedent provides comprehensive and up to date legal information covering:
This document sets out our [accounting OR finance] systems and controls. Any person working in the firm’s [Accounts OR Finance] department must ensure they have read and understand the contents. There is a separate, shorter version of this document for use by fee earners and non-[Accounts OR Finance] staff.
We have an overriding duty to protect client money and assets.
We must at all times comply with the SRA Accounts Rules 2011 (the Rules). Except where those Rules provide otherwise, we must:
keep other people's money separate from our money
keep other people's money safely in a bank or building society account identifiable as a client account
use each client's money for that client's matters only
use money held as trustee for the purposes of that trust only
account for interest on other people's money
keep proper accounting records to show accurately the position with regard to the money held for each client and trust
establish and maintain proper accounting systems and internal controls
not provide banking facilities through a client account
The [Accounts OR Finance] department is located at [insert location, eg office if you have more than one office or location within your office].
The [Accounts OR Finance] department is led by [insert name and/or title][, who is also the firm’s Compliance Officer for Finance and Administration
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Case number [insert number][In the principal registryORIn the [insert court location] FAMILY court]Sitting at [insert place]Notice of actingBetween[insert petitioner name]Petitionerand[insert respondent name]RespondentTake notice that we [insert name of firm] have been appointed to act as the
0330 161 1234
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