Client payments

Question 1

What is client money ?

Answer 1

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

Question 2

What is Non-client money ?

Answer 2

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

Question 3

What are regulated services?

Answer 3

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

includes acting as trustee or specified office or appointment

Question 4

What are disbursements?

Answer 4

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