Law in a nutshell
A common reason for regulators taking disciplinary action against lawyers and law firms, is the failure to follow the regulator’s Accounts Rules. When money has been improperly taken from Client Account by a colleague lawyer, or a member of the Accounts team, it is not a good excuse to say: “but I’m a lawyer, I don’t do numbers or understand accounts!”
What's covered?
Who can be a COFA, the SRA regulations, the checks and inspections a COFA needs to do and relevant case law examples.
Estimated length
20 mins
Recommended knoweldge level
All levels
Knowledge check
3 questions at the end to check your understanding
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