SRA Accounts Rules Online Practical Training

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For non-subscribers and all other plan subscribers, access can be purchased separately.

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SRA Accounts Rules – The Essentials

Length: 3 Hours

Published September 24, 2022

Last Updated on May 20, 2023

Who is this training for?

This online 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.

  • 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

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 Online

It’s really simple:

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

Online – the Cons?

At present, many training providers are offering online training services, under the guise of webinars – some live, some pre-recorded. The live mainly consisting of the trainer talking with little or no engagement with the delegate – this is a common perception as to what a webinar is. For some, this can feel very lonely and isolated. It requires strong, self-motivation and time management skills. The learner’s mood is exceptionally difficult for the trainer to read – a good trainer will read body language within the room. Also, if you have a technical issue, then accessing the online learning resources can become difficult. Where there is no accreditation, the quality of the course content can come into question.

Depending on your subscription and the length of the workshop, the pricing is as follows:


Online (1 hour)

Online (2 hours)

Online (3 hours)

On Demand






No Access

No Access




No Access

No Access






Our online workshops are delivered via Zoom. You can access the session via your computer, tablet or mobile device.

Details on how to join the online session will be provided the day before the training goes live.

We recommend you run a system test and check your internet speed by clicking HERE.

If your firm prevents you from using Zoom, please contact us.

There is no requirement to attend live but we advise that you do where you can as this will be the best experience for you. Don’t forget, you can pose questions live to the trainer and join in with the interaction when you attend live. Also, be mindful that you have access to the recording for 30 days, after which, it will no longer be available.

Not at all. We prefer it if candidates do as it makes the training more engaging but it is not mandatory to turn your camera or microphone on during the training session.

If you don’t have a microphone, you can still pose questions using the chat facility.

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