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SRA Accounts Rules – The Essentials
Length: 6 Hours
Published September 23, 2022
Last Updated on May 4, 2023
Who is this training for?
This 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?
The current SRA Accounts rules allow more flexibility in how law firms operate and manage risk but also require firms to make their own professional judgements and decisions in how they protect client money and assets entrusted to them.
This online workshop will explore the technical and practical application of the accounts rules and best practice to ensure compliance. It will address issues that have emerged from the warning notices guidance that has been subsequently released and will look at conundrums, scenarios and recent Solicitors Disciplinary Tribunal decisions.
Further Information
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
Why Face-to-Face
Individuals have the opportunity to connect with, problem-solve, and network with others from a wide range of backgrounds that online environments usually can’t replicate. Direct interaction with the trainer is also beneficial. You may also feel more comfortable and learn more easily in a familiar, traditional classroom situation.
Face-to-Face – the Cons
It’s expensive and time consuming. Online training can be recorded and viewed over and over again, whereas face-to-face training is delivered and the learner is left to rely on their memory and notes. A classroom setting can also stifle learning by allowing dominant personalities to take the bulk of the discussion environments. Quieter individuals become limited in their communication options for exchanging ideas and information.
Our face-to-face workshops are hosted and presented within the main cities of the UK. Details on the actual venue will be provided closer to the date.
