On Demand Workshop – An Introduction to the SRA Accounts Rules

An Introduction to the SRA Accounts Rules

Speaker: Darren Whelan

Length: 1 Hour 45 Minutes

Published September 24, 2022

Last Updated on May 1, 2023

Who is this training for?

This on demand workshop is for Solicitors, Lawyers, Accountants, Compliance Officers, COFA’s, Legal Accounts Professionals, Legal Cashiers and anyone that has any involvement in working in legal finance and compliance.

Purpose of this training?

This on demand workshop is designed to meet the needs of individuals seeking to learn about the SRA Accounts Rules and how they apply within a law firm. It is ideal for new starters and for those returning to legal practice and accounts.

The previous, highly prescriptive 2011 rules were reduced to just 13. The shorter rules offer law firms of different shapes, sizes and complexities the flexibility to introduce new systems, procedures and policies that both protect client money as well as introducing practicalities for the firm.

Whilst the SRA Accounts Rules have been significantly reduced in their length, careful consideration of the impact of the reduction is required to ensure that firms remain compliant.

  • Introduction
  • Client Money and Client Bank Accounts
  • Legal Aid Money
  • Client Account Exemption
  • Management of Money and Timeframes
  • Residual balances
  • Banking Facilities
  • Systems and Controls
  • Client Bank Reconciliations
  • Joint Accounts/Client Own Accounts
  • Breaches
  • Third Party Managed Accounts (TPMA’s)
  • The Role of the Accountant and the Report
  • SRA Additional Guidance
  • Summary of the Changes 2011 -v- 2019
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Further Information

Accounts & Finance Practice Notes (Subscriber Resource Only)

Compli-Q – Compliance FAQs (Subscriber Resource Only)



The Solicitors Act 1974

Practice notes and training sessions represent the Association of Legal Compliance & Accounts’ view of good practice in a particular area. They are not intended to be the only standard of good practice that firms can follow.

Practice notes and training sessions are not legal advice, and do not necessarily provide a defence to complaints of misconduct or poor service. While we have taken care to ensure that they are accurate, up to date and useful, we will not accept any legal liability in relation to them.

Frequently Asked Questions

It’s really simple:

  • Reduced cost
  • Can be watched anywhere, anytime on any device – no travel time or cost
  • Shorter and more efficient than face-to-face
  • Recorded and can be replayed at your leisure

Online – the Cons

On Demand is not for everyone one. People learn differently and watching a pre-recorded training video can feel very lonely and isolated. It requires strong, self-motivation and time management skills. There is no opportunity to ask a question and receive an answer straight away as you would with an online or a face-to-face workshop.

You can pose your question HERE or pose the question via the LiveChat widget.

No. In order to watch them, you must watch them whilst logged into the website.

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