Individuals in some firms, even the biggest and the best, continue to struggle to comply with aspects of the SRA Accounts Rules. A £500,000 fine for non-compliance in 2017 is unlikely to remain the biggest, with at least one major prosecution believed to be in the pipeline in the Solicitors Disciplinary Tribunal against a prestigious City firm. Because of the obligation to make good any client ac-count shortfall, it is one area where limited liability will not protect partners/members. Training is essential for accounts staff, fee-earners and support staff. It can be a dry topic, and although we cannot promise to make it entertaining, we can offer seminars which are ‘well received by all and very informative’ (London office of US firm), and ‘very positive [feedback]; the session was practical/useful and engaging’ (mid-size City firm).
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