The Solicitors Regulation Authority (SRA) Accounts Rules set out the requirements for when firms (including sole practices) authorised by the SRA, receive or deal with money belonging to clients, including trust money or money held on behalf of third parties. The rules apply to all firms that the SRA regulate, including all those who manage or work within such firms.
Firms will need to have robust systems and controls in place to ensure compliance with these rules, and the nature of those systems must be appropriate to the nature and volumes of client transactions dealt with, and the amount of client money held or received.
Listen to this online event to help avoid the common mistakes made by law firms, and gain insight in the essential practices you must be adhering to when it comes to the SRA Accounts Rules. You will have the chance to ask our expert speakers questions, and delegates should leave the session with peace of mind that you know what is required of you and your firm to remain compliant in this area.
Learning objectives:
SRA Competencies A2
This session is highly recommended for all legal professionals who have some responsibility for overseeing compliance relating to the SRA Accounts Rules.
During this session, you should:
- Gain further understanding of the current rules along with any changes to the rules from the last couple of years
- Develop an understanding of common errors and breaches that firms can make
- Understand what you need to do to remain compliant with the current rules
- Learn more about the penalties in place for those who are not compliant in this area
Who should listen?
- Primary audience – Leaders in small/mid size law firms, Compliance officers for legal practice (COLPs), compliance officers for finance and administration (COFAs), Practice Managers, Partners, Directors of Risk
- Secondary audience – Other senior leaders in small/mid size law firms
Event Details:
Date: Tuesday 21 January 2025
