The SRA Accounts Rules were released in November 2019. Just thirteen rules replacing the previous fifty-two rules! Gone were, for example, the previous timescales and firms had more say in how they applied the rules.
Move on six years! Over the last year there has been so much happening in relation to law firms handling client money including a consultation from the SRA. Then in September last year the SRA said that things were on hold in relation to client money but they would pick it up again later this year. The Ministry of Justice is also involved with the topic of client interest and how some firms are using client interest to ‘prop up’ their firms.
So, where are we up to and what can we expect in the near future?
Law firm compliance professionals, COLPs and COFAs, risk and regulatory managers, Solicitors with compliance responsibilities
All Levels – this can be picked up throughout anyone's professional career, regardless of experience.
In this session we will learn:
- The SRA Accounts Rules 2019 – a brief overview of the key rules
- Why the SRA conducted the consultation into the handling of client monies
- An update on the Accountants Reports position
- How Rule 2.5 of the SRA Accounts Rules, residual balances and client interest are all connected
- How much of the money in your client account shouldn’t be there – residual balances
- The MOJ and client interest – would your firm survive without client interest and how this affects the financial stability of your firm
- The role of the COFA in all of this
- What happens next
This live webinar contains a 45-minute presentation from Jo Morris, a 15-minute Q&A session where you can ask any questions you'd like directly to Jo. You can download your own copy of the presentation and resources to refer to during and after the live webinar.
You will be able to actively listen to the course and ask questions to the speaker.
This live webinar provides you with 1 hour of learning.
Attendees will receive a CPD certificate upon completion of this course.
The live webinar begins at 1pm.
The £69 +VAT price includes:
- 45-minutes of topical content
- 15-minute interactive Q&A
- comprehensive notes
- additional resources
Of course! Once you select the live webinar, you will have the option to select the number of tickets you want to purchase, then you can follow the instructions on the screen. Once your payment has been processed, you will then be asked to assign the tickets to those attending. Each delegate will then receive an email with instructions on how to finalise their booking.
Simply get in touch with info@formediagroup.co.uk to request an invoice, you will need to let us know which live webinar you are booking and how many attendees you need to book.
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About the speaker
Jo Morris
Jo Morris has almost forty years’ experience of working in solicitors’ practices from being a legal cashier, practice manager and risk and compliance training manager. Jo has been a freelance trainer and consultant since 2015 having previously been the Risk and Compliance Training Manager for a top 40 law firm.
Jo delivers training in many compliance topics including Anti-Money Laundering, Anti-Bribery Compliance, SRA Standards and Regulations including the SRA Accounts Rules and courses specifically designed for the MLRO/MLCO.
She is qualified NVQ assessor and holds a Certificate in Education for Teaching in the Lifelong Learning Sector.
She was highly commended in 2011 by the Legal Education and Training Group (LETG) in the category Best Programme for Lawyers for Solicitors Accounts Rules training. She was shortlisted in the Compliance Trainer of the Year category in the C5 Women in Compliance Awards in 2014.
Jo is also a Compliance Support Panel member and trainer for the Association of Legal Compliance and Accounts (ALCA)
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