Sort of similar to this topic so hope you don’t mind me jumping in on this. We have a client who owes us a fair amount for unpaid invoices, the client is paying in weekly instalments however just wanting to get your thoughts on how you would go about offsetting the payments in when transferring from client to office against the outstanding invoices (which includes both unpaid counsel fees and firm fees) What I’ve always done is pay counsel first then once they are paid off, offset further payments in from the client against the firms fees. I have a fee earner asking why we can’t offset the payments in initially against our fees first… I wouldn’t say there is a rule as such in the account rules about this but i think this is just good practice and that disbursements/expenses should be settled first before your own fees, would you agree? Thanks
