SRA Accounts Rules for Finance Staff - Risks, Responsibilities & Red Flags

Introduction

Aimed at legal cashiers and finance staff who would like to take their understanding of the SRA Accounts Rules to the next level, this new virtual classroom seminar will give you the practical knowledge and confidence to manage compliance more effectively.

Presented by expert speaker Darren Whelan, this session will explore the key areas where firms often fall short, discuss how to apply the rules in real-world scenarios, and offer clarity on your responsibilities - particularly where judgment and interpretation are required.

This interactive session is focused on helping you avoid common pitfalls, manage risk, and stay ahead of regulatory expectations - it is a great opportunity to deepen your knowledge, ask questions, and leave feeling more in control of your role and responsibilities. You will also receive the latest updates on guidance and future changes from the SRA.

What You Will Learn

This live and interactive session will cover the following:

• A brief introduction to, and the history of the Rules
• Client money and client bank accounts
• Legal Aid money
• Management of money and timeframes
• Residual balances - Actively manage and prevent them
• Banking facilities - What to look out for
• Systems and controls - Policies and processes
• Client bank reconciliations - The pitfalls and non-compliance
• Operation of joint accounts/client own accounts
• Breaches - Serious vs non-serious
• Third Party Managed Accounts (TPMAs)
• The role of the accountant and the report
• SRA additional guidance and Warning Notices
• Change is coming

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.