Blog

Residual Client Balances: Why you should never ignore them!

Thursday, September 19th, 2019

It has always been the traditional way to start a practice that the firm creates an office account, a client account and occasionally a savings account for taxes etc. Are we about to see the loss of the client account?

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The Law Factory are walking for the Alzheimer’s Society

Thursday, August 15th, 2019

On Saturday, 14th September, 9 members of The Law Factory will be walking 13 miles across the Brecon Beacons in aid of Alzheimer’s research.

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Solicitors’ Client Accounts…… are we about to see a lot less of them?

Wednesday, June 26th, 2019

It has always been the traditional way to start a practice that the firm creates an office account, a client account and occasionally a savings account for taxes etc. Are we about to see the loss of the client account?

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Set up before start-up!

Thursday, May 16th, 2019

Why it is so important to have practice management procedures agreed and software configured before work starts!

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Eight Months & Counting to the Implementation of the New SRA Accounts Rules!

Wednesday, March 20th, 2019

25th November 2019. That’s the date given by the SRA for them to be implementing the new regulations which include the new SRA Accounts Rules. The book has been whittled down from 44 pages to just over 6!

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From a book to a pamphlet. SRA Accounts Rules 2018 & what is client money?

Tuesday, March 19th, 2019

We have a look at the “simplified” SRA Accounts Rules 2018 which reduces the original book to just 7 pages!

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SRA Accounts Rules to the CLC Code. Understanding the accounts rule changes when switching regulator!

Wednesday, October 10th, 2018

Conveyancing companies in England and Wales now have the choice as to whether they stay with the SRA or move to the CLC (Council of Legal Conveyancers). Let’s compare the SRA Accounts Rules to the CLC Code!

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Integration….Why everyone should do it!

Wednesday, August 22nd, 2018

The 2018 legal market. Everyone has heard the word “integration”. Perhaps so often in fact that it has lost all meaning? What is integration? Why is it being highlighted so often? Is it really going to help us or is this another age-old gimmick?

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The Future of Legal Accounts – developing back office solutions

Tuesday, April 17th, 2018

The last decade has seen seismic changes within the legal profession and how legal practises are run. Plans to streamline the SRA accounts rules even further mean the next ten years could see changes that make the previous ten seem positively pedestrian.

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Residual Client Balances….. Time to get a grip!

Thursday, March 23rd, 2017

Residual client balances can be a cashier’s nightmare, whether inherited from a predecessor or left due to time constraints.

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