Solicitors and Client Money Protection Schemes

Facebook Linkedin Instagram Solicitor firms and Client Money Protection Schemes Shropshire solicitors Harfitts recently had a deeply unpleasant surprise. They operated, in a small way, as property management agents for two landlords, collecting about £1,000 rent monthly from residential tenants. They received a fine of £19,250 (reduced on internal appeal to £8,400) from Shropshire Council […]

Warning about client account residual balances

Facebook Linkedin Instagram Warning about client account residual balances Historic balances are in the news, with an imperative on law firms to clean up client ledgers. At the Law Society Risk and Compliance Conference earlier this month Andrew Blatt, regulatory specialist and director of Murdochs Law, acknowledged that dealing with residual balances is a drain […]