Reply To: Is interest payable on monies being held in client account for costs and disbs

[Graham Richardson]

We’ve had this at our firm, as the money is in client account we’ve always taken the view that it is client money as it’s being held prior to a bill being delivered, therefore any accrued interest is due to the client even though it is for the firm’s costs and disbursements, but be interested to know if anyone does treat it differently.