The SRA Accounts Rules - A Practical Refresher for Fee Earners

Introduction

As a fee earner, you play a vital role in your firm’s compliance with the SRA Accounts Rules - often without even realising it. From handling client money to avoiding breaches that could impact your firm’s reputation, your actions matter.

This new virtual classroom seminar is ideal for fee earners who would like to refresh their understanding of the key principles, risks, and responsibilities set out in the SRA Accounts Rules. It will also act as a useful introduction for those new to the Rules.

Presented by expert speaker Darren Whelan, this session will use real examples relevant to your role and will provide clarity on what is expected of you when working with client funds, how to spot potential issues before they become breaches, and what you can do to support compliance in your day-to-day work.

What You Will Learn

This live and interactive session will cover the following:

• A brief introduction to and history of the Rules
• The definition of client money
• Client bank accounts
• Client account exemption
• Management of money and timeframes
• Residual balances
• Banking facilities
• System and controls
• Interest
• Other money belonging to clients or third parties
• Disbursements and recharges
• SRA Warning Notices and Guidance

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.