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Solicitors Accounts Rules 2019 - New versus Old CPD

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Course overview

The 2019 Solicitors' Accounts Rules will come into force on 25 November 2019. These rules must be followed by all authorised firms, their managers, and employees. The new rules are culled from 53 to just 13. With much more focus on risk and self-regulation, it is vital for solicitors and law firms to understand what is changing, what is staying the same and what the future regulation of client monies will be like.

Who should attend?

This course should be attended by COFA’s and principals of law firms as well as employees who work within the finance departments. Accountants who act for law practices by preparing the Accountants Report must also have a good knowledge of the new rules and anyone who want to learn about the changes being brought in.

This course can also be delivered as an in-house course for your own team of professionals. The following titles are examples of additional courses we can provide. If there is a specific area not listed that you wish to cover then please let us know.

  • Avoiding & dealing with an SRA investigation.
  • Residual client balances – The dangers & resolutions
  • Risk & internal controls for law firms

We offer bespoke in-house training for organisations both onsite & offsite, nationally & internationally. To discuss your specific training needs with us, please get in touch on the following details to speak with one of our specialist team. Tel: 020 7040 0323 Email: cpd@city.ac.uk

Course outcomes

Course outcomes

Key Learning Points:

  • Why have the rules changed?
  • The new approach – self-regulation
  • New definitions in respect of client monies
  • What has changed?
  • What has stayed the same?
  • Key areas in the new rules
  • How firms should adapt to the new rules
  • The role of the COFA
  • What the SRA will be looking at
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