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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.
27 Oct 2021
Within his Budget speech, Chancellor Rishi Sunak announced the government's intention to create high-wage, high-skilled jobs of the future.
Addressing the House of Commons, Chancellor Rishi Sunak used the 2021 Autumn Budget to announce new fiscal rules to ensure public finances 'remain on a sustainable path' during the ongoing recovery from the coronavirus (COVID-19) pandemic.
Business groups have reacted to Chancellor Rishi Sunak's 2021 Autumn Budget speech.
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