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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.
02 Jul 2025
More than one in four UK businesses have been the victim of a cyber-attack in the last year, with many risking 'sleepwalking' into disruption, according to a new report.
01 Jul 2025
MPs have warned that some people who pay into a Lifetime ISA might get less out than they put in.
30 Jun 2025
A Freedom of Information (FOI) request has revealed that high earners in the UK are facing a significant rise in tax investigations by HMRC as a result of a record-breaking amount raised by compliance revenue.
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