Solicitors Accounts Rules

Solicitors Accounts Rules

Live Online

Virtual classes –
tailored for your staff

Face-to-face

At your office –
tailored for your staff

E-learning

Anytime, flexible learning for
indviduals and organisations

The Solicitors Accounts Rules (strictly the SRA Accounts Rules) are shorter and simpler than ever before, but everyone should know about the changes, not just Accounts staff.

Our Solicitors Accounts Rules course will help you understand the SRA’s expectations and operate your systems and procedures compliantly.

Course Content

See face-to-face overview for course details.

SRA Accounts Rules Live Online Course

To suit your requirements

Fee earners and support staff

Face-to-Face

The “new” SRA Accounts Rules are with us and in full force. They are shorter and simpler than ever before, but the alterations and “relaxations” need to be addressed by everyone, not just your accounts staff.

This course will help everyone to remain compliant and operate your businesses with as much ease as possible.

Content

This session will look at the following topics:

  • An outline of the new Rules
  • Can we bill before we do the work?
  • Dealing with small balances on Client Account ledgers
  • Can we avoid paying any interest to clients?
  • Duties of the COFA – what future for the reporting Accountants?
  • Third party managed accounts – a viable option?
  • Reconciliations – what, who and how?
  • Frauds and scams to avoid

Outcomes

As a result of attending this course, you will:

  • understand all the major changes
  • know how to adapt and operate your systems and procedures compliantly
  • understand the SRA’s expectations better

SRA Accounts Rules Face-to-Face Course

To suit your requirements

Fee earners and support staff

E-learning

The SRA Accounts Rules were introduced on 25 November 2019. This e-learning course is essential for all solicitors to comply with their obligation (Code of Conduct for Solicitors 7.1) to keep up to date with the law and regulation governing the way they work. It provides a comprehensive survey of the rules and their practical implications.

Content

  1. “Client money” – what is it and how must we handle it?
  2. Correcting breaches of the rules
  3. Paying interest
  4. Operating joint accounts and client’s own accounts
  5. Third party managed accounts
  6. Obtaining accountant’s reports
  7. Systems, controls and records

Outcomes

As a result of completing the course, delegates will be able to:

  • Identify what is (and what is not) client money
  • Handle client money properly
  • Avoid common traps and misunderstandings
  • React properly when errors occur
  • Distinguish between expenses and disbursements
  • Manage the risks effectively and efficiently

SRA Accounts Rules E-learning Course

1 hour

Lawyers and support staff

£30 + VAT

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Tutors

Peter Kinch website image
Peter Kinch
Trevor Hellawell

Testimonials

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We think our training is the ‘bee’s knees’ but don’t just take our word for it. Read what our clients have to say about us on our testimonials page.

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