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The primary objective of the Solicitors’ Accounts Rules is to protect clients’ interests by regulating the custody and protection of clients’ money.
The rules stipulate compliance procedures designed to minimise the risk of a solicitor mixing monies belonging to clients with those of the practice.
The rules also seek to ensure the fair treatment of clients’ money by the payment of interest and apply, with slight modification, to controlled trust money.
The Law Society requires an annual report from a qualified accountant in respect of every solicitor who handles clients’ money, to confirm that they have complied with the Rules.
Our Solicitors’ Accounts Rules Programme is designed to work closely with you in:
Read more about our Solicitors’ Accounts Rules Programme here.
22 May 2025
Chancellor Rachel Reeves has confirmed that the annual tax-free ISA allowance won't be reduced from £20,000.
21 May 2025
Inflation jumped to 3.5% in the year to April, up from 2.6% in March, according to the Office for National Statistics (ONS).
20 May 2025
Almost half of UK sole traders feel unprepared for upcoming Making Tax Digital for Income Tax (MTD) for Income Tax changes, according to research conducted by IRIS Software.
Get in touch with Branston Adams to arrange your free consultation.