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Solicitors' Accounts - A 2 Hour Update on the Scottish Law Society Rules

Level
Update: Requires no prior subject knowledge
CPD
2 hours
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Solicitors' Accounts - A 2 Hour Update on the Scottish Law Society Rules

Select a date

19 Mar 2025 - Edinburgh
20 Aug 2025 - Glasgow

Session

19 Mar 2025

2:00 PM ‐ 4:15 PM

Session

20 Aug 2025

2:00 PM ‐ 4:15 PM

With a SmartPlan £243

With a Season Ticket £270

Standard price £360

All prices exclude VAT

Introduction

With problem areas and potential risks to avoid including fraud, this course is aimed at legal staff and cashroom managers and will provide a review of the Scottish Law Society Accounts Rules.

The in-person course will consider how to deal with residual balances, slab outlays and 'messy' books including shortages in client accounts.

What You Will Learn

This course will cover the following:

  • A review of Law Society Accounts Rules and how they apply in practice
  • Problem areas & potential risks
    • Firm's financial position
    • Correct record keeping
    • Messy books - shortage in clients' account
    • Bank reconciliations
    • Invested funds
  • Law Society Certificate
  • Dealing with residual balances
  • Slab outlays
  • Internet banking
    • Fraudsters gaining access to your client account
    • Are your staff trained?

Solicitors' Accounts - A 2 Hour Update on the Scottish Law Society Rules