Daily Archives: 6 July 2018

Common Solicitors’ Accounts Rules Breaches

Legal practices must have good financial controls and governance in place to adhere to the Solicitors’ Accounts Rules and prevent breaches. Breaches generally fall into two categories of material and non-material breaches: Material Breaches: These are serious breaches of the Solicitors Accounts Rules and should be reported to the SRA upon discovery. They usually include:…