Here at Solicitor Direct we are governed by the SRA (Solicitors Regulatory Authority).
This means that as a firm we must abide by their accounts rules. These rules are to ensure that clients’ money is protected at all costs. To do this we must have ledgers for each individual client and matter e.g. Conveyancing, Matrimonial, and personal injury etc.
All client money paid into the firm must be held in a bank account within England and Wales. We also offer designated deposit accounts for any funds that might be held for a period of time to make sure that interest is accrued.
Interest can also be calculated on funds held for more than … days if the client requests this and is worked out using the banks base rate for that period.
You can therefore, be assured that your money is in safe hands.