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CPD: FINANCIAL SKILLS
Solicitors’ Accounts Rules

Intended audience:
Solicitors

Duration:
2 to 3 hours, depending on the firm’s requirements

Format:
Small to medium-sized groups with tutor-led discussions using quizzes and case studies to highlight key areas

Objectives:
This seminar, which will include all the latest changes to the rules, will provide an update for partners and fee-earners.

Topics:

  • A review of:
    • Main principles of the SARs
    • The key definitions and different time frames under the rules
    • Receipt and payment rules
    • Transferring money for the firm’s own fees
    • Dealing with residual balances
    • Interest provisions of the rules
    • Special situations where only a limited application of the rules applies
    • How the rules now deal with controlled trust money
  • Highlighting common problems areas and breaches most likely to cause concern to the SRA
  • Discussing reports to the SRA and the implications for the firm of a qualified report
  • Providing an overview of the latest consultation for rule changes from October 2011

Outcomes:

  • Participants will be fully up to date with the SARs, including all the latest changes and consultations
  • Participants will understand common problem areas and how to avoid them
  • Participants will understand their roles and responsibilities and the role of the SRA when breaches occur

The Training Team

Trainer
Janet Taylor

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Contact Rachel Berry by either using the contact us form, emailing, or calling 01454 550066

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