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

Training Team

Janet Taylor

Module Leader
Janet Taylor

Fresh Professional Development  Ltd, The Forum, 277 London Road, Burgess Hill, West Sussex, RH15 9QU
t. 01454 550066, e. info@fdg.uk.com, w. www.freshpd.com © Fresh Professional Development Ltd. 2017

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