[Graham Richardson]

Thanks both, I think ideally we’d go down your route Melanie but sadly as there wont be functionality to do the post completion transfer without raising a bill it may have to be three bills. I think they do all need to be sent to the client too. I think we’ll just try and make it clear to the clients at the outset how many bills they will receive and try and make it clear the bills are fully paid and don’t require payment.

[Graham Richardson]

Thanks Emma!

[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.

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