Client payments Flashcards by Candace Arthur

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What is client money ?

belongs to the client and should be kept in a separate client account

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What is Non-client money ?

all money that is not client money, i/e belongs to the solicitor or the practice

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What are regulated services?

legal and other professional services that you provide that are regulated by the SRA.

includes acting as trustee or specified office or appointment

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What are disbursements?

Any costs or expenses paid or to be paid to a third party on behald of the client (excluding business expenses)

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Client payments Flashcards

(5 cards)