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 It’s Lexcel AMV time – oh no, I’ve not done my file audits!

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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?

What you have to do, what Lexcel look for and how to improve your efficiency when coinducting file audits.

Estimated length

20 mins

Recommended knoweldge level  

All levels

Knowledge check

3 questions at the end to check your understanding