Losing Interest in Client Monies

Losing Interest in Client Monies
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  • 31m
  • Intermediate
  • Released 4th Aug 2022
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Did you know that earning interest from client funds is likely to be the biggest contributor to profit?

If you hold client monies this session is guaranteed to make you money.

The costs associated with doing business are increasing, as too are bank interest rates. For borrowers, an increased interest rates will be an unwelcome prospect, however for businesses that hold deposits, an opportunity to awaits.

The problem is, high street banks are reluctant to increase their interest rates on client monies, which means law firm leaders have accept their bank’s narrative and simply lost interest in the opportunity to earn additional income. Couple that with a large number of legal cashiers under the false impression that the SRA Accounts Rules do not allow funds to be placed in term deposits, and we have the perfect storm.

This webinar is intended for law firms that hold client monies. If you are a COLP/COFA or Finance Manager you do not want to miss this session.

I will show you how you cashroom can potentially be the biggest contributor to profit

Have a question? If you have any comments or feedback around this content, please get in touch.

Learning objectives:

How to make money from client deposits which can benefit the firm and/or it’s clients

Your CPD Certificate can be found in your Account.

Paul McCluskey

Managing Director • Gemstone Legal

Experience:

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