The Ministry of Justice is consulting on the implementation of a proposed scheme to be run by them initially, in which solicitors would have to remit 75% of the interest earned on pooled client accounts and 50% of interest on individual client accounts to the MoJ to “help strengthen the justice system”. Every firm holding a client account will be affected, regardless of firm structure, whether you currently receive any interest or how you handle it.
The Law Society is urgently preparing a response to the review that has a deadline of the 9 February and is urging members to submit their own responses too. Watch this recorded webinar to gain insight into the proposals and the areas of key concern.
Watch this webinar that was held on Thursday 22 January 2026, to understand what these proposals mean for you in practice.
Speakers
- Chaired by Lucy Dennett, director of policy at the Law Society
- Richard Miller, head of justice at the Law Society