SRA Accounts Rules

Introducing

SRA Accounts Rules: A Practical Overview

The SRA Accounts Rules form a cornerstone of the SRA’s Outcomes-Focused Regulations. Rule 4 states that all staff at a law firm are “directly subject to the rules". The consequences of non-compliance can be significant for the firm and the individual. Breaches are likely to bring the firm’s name into disrepute and result in major losses.

Topics covered

  • Client money vs office money
  • Definitions of key terms
  • Handling mixed money
  • Earmarking
  • Residual balances
  • Breaches and consequences

The facts

  • Who: Fee earners/support staff
  • What: Quick refresher on key accounts rules and definitions
  • When: We recommend every 18-24 months
  • Duration: 30 minutes (0.5 CPD)
  • Customisation: 2 pages

Bonus content

As a companion to the SRA Accounts Rules Course, VinciWorks has published a short compliance guide covering the hot topics, key definitions and best practice.

This quick reference is a great everyday refresher and an easy way to double check an issue. All of the pages are individual, print-ready posters.

Topics covered:

  • Mission briefing
  • Critical terms
  • Whose money is it?
  • Client money checklist
  • Matter completion

Download free guide

What our users are saying

“I gained insight into client/office monies especially how to ascertain where the money should go”

Holman Fenwick & Willan user

“The questions gave me a chance to try and apply the knowledge”

Forbes user

“It was broken up into easy to read clear sections, and feedback was constructive”

Geldards user

Pricing

Pricing starts at less than £5 per user. For a detailed quote, please fill in the form or call us at (+44) 020 8815 9308.