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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.
03 Mar 2021
Chancellor Rishi Sunak will deliver the 2021 Budget speech today at 12:30pm. We will keep you up to date on the key Budget announcements and supply a full summary, which will appear on our website tomorrow morning.
02 Mar 2021
The Treasury Committee has urged Chancellor Rishi Sunak to outline plans for a long-term tax strategy to help the UK economy recover from the coronavirus (COVID-19) pandemic.
01 Mar 2021
The government's coronavirus (COVID-19) support schemes have now been used by almost 1.6 million UK businesses, according to the latest figures from HM Treasury.
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